In the coming week, there are several important news items that are worth paying attention to:
- Fed Chair Powell Speaks
- Initial Jobless Claims, Fed Chair Powell Speaks
- GDP (YoY), (MoM), (QoQ)
On the chart I also noted a few signs of further growth. The market is closing Friday near the 1997 resistance and we have plenty of reasons to see a breakout of this area soon.
Price is still in consolidation. The first boundary that limits us from further growth is at 1997.3, the next one is the consolidation resistance at 2008.7. If these lines are broken, the price will head towards 2025, then towards 2050.
The strong supports to pay attention to at the moment are: 1990 and 1984.4. Now the market is forming an upward bullish potential relative to the 1995-2000 zone. The market continues to test the resistance for a breakout and is preparing to do it soon, and in addition, the gold price is strongly supported by the weakening dollar on the background of NonFarm Payorlls data
Regards R. Linda!
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NO‼️
You❗️CAN and ❗️SHOULD make money in trading!
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🟢Free Telegram Channel:
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🔴Contact:
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🧿Web: rlinda.com