GOLD - 2650 Is Our TARGET
Updated
Gold prices rose in the European market on Tuesday, extending their gains for the fourth consecutive day, recording a new historical level, supported by the current decline in the US dollar levels in the foreign exchange market.
Cautious comments from some Federal Reserve officials have increased the possibility of cutting US interest rates by about 50 basis points next November, pending the emergence of more evidence about this trend in the coming period.
Generally, the direction is uptrend.
Uptrend Side: the price has a sensitive movement, also stabilized above 2625, thus will support the price to rise more toward our target of 2650.
Downtrend Side: The price is expected to make a strong downward correction toward 2,625, particularly around 2,605, before initiating a bearish move.
Tendency Keys: 2568
Cautious comments from some Federal Reserve officials have increased the possibility of cutting US interest rates by about 50 basis points next November, pending the emergence of more evidence about this trend in the coming period.
Generally, the direction is uptrend.
Uptrend Side: the price has a sensitive movement, also stabilized above 2625, thus will support the price to rise more toward our target of 2650.
Downtrend Side: The price is expected to make a strong downward correction toward 2,625, particularly around 2,605, before initiating a bearish move.
Tendency Keys: 2568
Trade closed: target reached
the gold rose and crossed out target 2650.
Trade closed: target reached
Beware, the market has volatility the gold price closed the 4H candle above 2652.Trade closed: target reached
Gold reaches record high on rate-cut bets, weaker U.S. dollar
about 4 Analysis per day.
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With Clear entry point and target line with stopout zone
~900 pips per week —— Accuracy more than 88%
with best learning
Be Stronger With us
THANKS for your support
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