Gold struggles to return to bullish momentum
Gold prices remain stable below $2,000 as US lawmakers continue talks on raising the debt ceiling.
The Federal Reserve's mixed signals on monetary policy have caused a lack of safe-haven demand for gold, resulting in a drop in prices.
However, experts predict that Gold will not fluctuate much this week and will try to return to the $2,000 price area. Currently, it is struggling to move past the $1,950 price zone.
SELL GOLD zone 2000 - 1997
Stoploss: 2005
Take profit 1: 1993
Take profit 2: 1988
Take profit 3: 1982
BUY strategy is still being implemented around 1969$. And it is expected that tomorrow, the price zone of $ 1983 hoping for a Breakout is that Gold will move to the SELL entry as expected
The Federal Reserve's mixed signals on monetary policy have caused a lack of safe-haven demand for gold, resulting in a drop in prices.
However, experts predict that Gold will not fluctuate much this week and will try to return to the $2,000 price area. Currently, it is struggling to move past the $1,950 price zone.
SELL GOLD zone 2000 - 1997
Stoploss: 2005
Take profit 1: 1993
Take profit 2: 1988
Take profit 3: 1982
BUY strategy is still being implemented around 1969$. And it is expected that tomorrow, the price zone of $ 1983 hoping for a Breakout is that Gold will move to the SELL entry as expected
Stoploss: 1945
Take profit 1: 1958
Take profit 2: 1963
Take profit 3: 1970
Hello trader. What do you think?