Gold supports the buyer
Updated
Hello everyone!
Gold is solidifying its upward momentum after receiving yesterday's data, currently trading around $1937 with a resistance level at $1945.
Gold has formed a cup pattern, indicating that the possibility of buying gold will continue to grow if it breaks out of the psychological resistance level. This can be seen as a positive catalyst for gold. The expected upward movement is towards $1980.
Gold is solidifying its upward momentum after receiving yesterday's data, currently trading around $1937 with a resistance level at $1945.
Gold has formed a cup pattern, indicating that the possibility of buying gold will continue to grow if it breaks out of the psychological resistance level. This can be seen as a positive catalyst for gold. The expected upward movement is towards $1980.
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what do you think?Trade active
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Gold runs as expected, I hope next time will touch the targetNote
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According to the CME Fedwatch tool, the markets are pricing 90% of the Fed probability that will keep interest rates at the policy meeting next month. The number of days dawn is 67%.Note
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Trade closed: target reached
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