Emas Semerta / Dolar A.S.Singkat
NEW IDEA FOR GOLD
Resistance at $2,654 and the impact of a strong dollar add to the downside of gold
On the hourly chart of gold, the price approached the resistance level of $2,654 and failed to break it. This level, which also coincides with the Fibonacci 0.382, is a strong obstacle to the upward movement. If gold continues to fail to break through this resistance, there is a possibility of a decline to the $2,577 range (Fibonacci 0.786) and then $2,485 (Fibonacci 1.272).
Additionally, the Ichimoku indicator is showing weakness in the uptrend, as the price is currently below the Kumo cloud. The Alligator lines are also in a bearish position, indicating that sellers are dominating the market.
Also, the strengthening of the US dollar as a safe haven asset in the current situation will put more downward pressure on gold. Because gold has an inverse relationship with the dollar; the stronger the dollar, the lower the price of gold. If the dollar's downward trend does not change, the probability of gold falling to the levels predicted in technical analysis will become much stronger.
On the hourly chart of gold, the price approached the resistance level of $2,654 and failed to break it. This level, which also coincides with the Fibonacci 0.382, is a strong obstacle to the upward movement. If gold continues to fail to break through this resistance, there is a possibility of a decline to the $2,577 range (Fibonacci 0.786) and then $2,485 (Fibonacci 1.272).
Additionally, the Ichimoku indicator is showing weakness in the uptrend, as the price is currently below the Kumo cloud. The Alligator lines are also in a bearish position, indicating that sellers are dominating the market.
Also, the strengthening of the US dollar as a safe haven asset in the current situation will put more downward pressure on gold. Because gold has an inverse relationship with the dollar; the stronger the dollar, the lower the price of gold. If the dollar's downward trend does not change, the probability of gold falling to the levels predicted in technical analysis will become much stronger.
Penafian
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