Gold (XAU/USD) Market Outlook
Gold appears bearish today, with potential lows projected in the range of 2744 to 2732.
Key Zones:
Optimal Selling Zone: Between 2763 and 2765.
Reversal Zone: If a Change of Character (CHOCH) is observed around 2745 to 2747, gold may shift bullish, targeting 2762 to 2765.
Event to Watch:
The speech by former U.S. President Trump at 9:30 PM (GMT+5:30) could significantly influence gold's price movement and overall market sentiment.
Traders are advised to monitor these levels closely and adjust their strategies accordingly
Key Zones:
Optimal Selling Zone: Between 2763 and 2765.
Reversal Zone: If a Change of Character (CHOCH) is observed around 2745 to 2747, gold may shift bullish, targeting 2762 to 2765.
Event to Watch:
The speech by former U.S. President Trump at 9:30 PM (GMT+5:30) could significantly influence gold's price movement and overall market sentiment.
Traders are advised to monitor these levels closely and adjust their strategies accordingly
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.