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Analysis: Metal: spot Gold (XAUUSD)
Price: $2298 per ounce
Technical Analysis: Buy
Trend: UP
Expected Scenario: Prices could starts upward movement again after the corrections last few days and ( fundamentally ) after the release of the Non-Farm Payrolls (NFP) news from the US, which was impacted negatively on the US dollar.
Additionally, the daily support level at $2286 pushed prices back up over $2300.
Technical Reasons: Prices hit the support level on the daily chart and rebounded. It's likely that the price will attempt to break out of the pattern mentioned on the chart (Flag & Pennant).
Consequently, prices may soon reach a new historical high around $2600.
Best of luck!
Analysis: Metal: spot Gold (XAUUSD)
Price: $2298 per ounce
Technical Analysis: Buy
Trend: UP
Expected Scenario: Prices could starts upward movement again after the corrections last few days and ( fundamentally ) after the release of the Non-Farm Payrolls (NFP) news from the US, which was impacted negatively on the US dollar.
Additionally, the daily support level at $2286 pushed prices back up over $2300.
Technical Reasons: Prices hit the support level on the daily chart and rebounded. It's likely that the price will attempt to break out of the pattern mentioned on the chart (Flag & Pennant).
Consequently, prices may soon reach a new historical high around $2600.
Best of luck!
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.