🐍 Key Levels Overview for the Week🐍
__________________________
Resistances🔀 3477,3578,3630,3680
Mids∷∷∷ 3406,3443,3486,3527
Supports🔀 3435,3364,3311,3278
Trend Base Lines...
34229🐂3487🐂3524🐂3557
3378🏛3416🏛3425🏛3458
3296🐻3322🐻3330🐻3370
__________________________
Resistances🔀 3477,3578,3630,3680
Mids∷∷∷ 3406,3443,3486,3527
Supports🔀 3435,3364,3311,3278
Trend Base Lines...
34229🐂3487🐂3524🐂3557
3378🏛3416🏛3425🏛3458
3296🐻3322🐻3330🐻3370
Nota
The price has moved from the very beginning outside the support and resistance levels determined based on past data and calculations. This situation is caused by strong selling pressure, fundamental factors, and the influence of traders’ emotions and impulsive behavior, which have pushed the price away from its previous balance and rhythm and beyond the range derived from short-term data analysis.To analyze and define such levels on a larger scale, it is necessary to consider longer timeframes or earlier data that have been examined within those larger timeframes.
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Gold fell below $3,230 per ounce on Tuesday, marking its second day of decline and nearing its lowest level in a month. This drop happened because investors felt more confident about riskier assets after the U.S. and China agreed to reduce tariffs on each other's goods. The U.S. will cut tariffs on Chinese imports from 145% to 30%, and China will lower tariffs on U.S. imports from 125% to 10% for 90 days. Investors are now waiting for important U.S. economic reports later this week, especially the Consumer Price Index (CPI) and April retail sales, which could influence the Federal Reserve’s future interest rate decisions.
Nota
3429🐂(3490)🐂(3501)🐂3557
3378🏛(3409)🏛(3414)🏛3458
3296🐻(3323)🐻(3326)🐻3370
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.