Gold markets exhibited choppy behavior
Gold markets exhibited choppy behavior during Monday's trading session, with prices hovering around the crucial 50-Day Exponential Moving Average.
This technical indicator holds considerable significance for many traders, warranting close attention. Additionally, the psychological milestone of the $2000 level looms above, capturing the interest of market participants.
However, breaking through this level will likely require substantial momentum.
The current short-term outlook remains choppy and sideways, demanding patience from investors seeking an upward trend. To the upside, potential support can be found around the $1950 level, with further reinforcement from the 200-Day EMA positioned below. Presently, the $1900 level acts as a firm floor, but a breach below this level could signal a significant trend change.
XAUUSD BUY 1922 -1924💯💯
✅ TP1: 1928
✅ TP2: 1934
🛑 SL: 1918
This technical indicator holds considerable significance for many traders, warranting close attention. Additionally, the psychological milestone of the $2000 level looms above, capturing the interest of market participants.
However, breaking through this level will likely require substantial momentum.
The current short-term outlook remains choppy and sideways, demanding patience from investors seeking an upward trend. To the upside, potential support can be found around the $1950 level, with further reinforcement from the 200-Day EMA positioned below. Presently, the $1900 level acts as a firm floor, but a breach below this level could signal a significant trend change.
XAUUSD BUY 1922 -1924💯💯
✅ TP1: 1928
✅ TP2: 1934
🛑 SL: 1918
Nota
+20 Pips ✅✅✅Nota
Hit TP1 +90 ✅✅✅
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.