We’re looking to sell at 2660.6. Even though buyers are still strong, the slowing momentum suggests the price might turn around soon. Sellers have already stepped in around 2663.7, and we expect a small move up before the price drops. The market is currently overbought, which supports this setup
Fundamental Insight:
Gold prices have eased recently as the dollar strengthens, driven by political turmoil in France and anticipation of key US jobs data due Friday. This data is expected to provide clues about the Federal Reserve’s next interest rate decision. With gold trading around $2,640/oz after last week’s 2.7% decline, further pressure from a stronger dollar aligns with our bearish outlook.
Fundamental Insight:
Gold prices have eased recently as the dollar strengthens, driven by political turmoil in France and anticipation of key US jobs data due Friday. This data is expected to provide clues about the Federal Reserve’s next interest rate decision. With gold trading around $2,640/oz after last week’s 2.7% decline, further pressure from a stronger dollar aligns with our bearish outlook.
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t.me/+pknBOliLTkI1Mjk5
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My free signals
t.me/+pknBOliLTkI1Mjk5
Contact me
t.me/Eleazarahmath
Twitter
x.com/Elitepipmaster
t.me/+pknBOliLTkI1Mjk5
Contact me
t.me/Eleazarahmath
x.com/Elitepipmaster
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.