GOLD: A Technical Outlook Ahead of the NFP Data
The price of gold is currently developing a double zig-zag pattern inside a wide range trading zone 2470 - 2530, indicating a higher probability of moving down for the Z wave.
However, this movement is also influenced by market speculation and interpretation of the upcoming NFP data.
Technical Perspective:
I expect the price to hover near 2530, as it has shown the potential to move above this zone several times. If this level holds, we should see a downward movement as illustrated in the chart.
Immediate Support Levels:
2503 ; 2500 ; 2485; 2470
If the price moves above 2530 it may rise up to 2550 but for the moment this scenarios remains on the cards but with lower chances.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
The price of gold is currently developing a double zig-zag pattern inside a wide range trading zone 2470 - 2530, indicating a higher probability of moving down for the Z wave.
However, this movement is also influenced by market speculation and interpretation of the upcoming NFP data.
Technical Perspective:
I expect the price to hover near 2530, as it has shown the potential to move above this zone several times. If this level holds, we should see a downward movement as illustrated in the chart.
Immediate Support Levels:
2503 ; 2500 ; 2485; 2470
If the price moves above 2530 it may rise up to 2550 but for the moment this scenarios remains on the cards but with lower chances.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Dagangan ditutup: sasaran tercapai
Dagangan ditutup: sasaran tercapai
GOLD -> 3 targets reached
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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.
✅MY Free Signals
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
✅MY Recommended Broker is TRADE NATION
🔸bit.ly/49VySJF
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
✅MY Recommended Broker is TRADE NATION
🔸bit.ly/49VySJF
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.