GOLD market analysis forecast
Atualizado
XAUUSD Hello traders,
Today, we witnessed a strongly bullish move in the gold market. However, for tomorrow, I'm shifting my focus towards a potential bearish trade setup. There's a substantial resistance zone around 1980.00, which interestingly aligns perfectly with the Fibonacci retracement level of 68%. For a more confident bearish stance, I'll also be closely monitoring the DXY (US Dollar Index) for a bullish move above 100.000, as it could influence the gold market in a downward direction.
However, it's important to remain cautious of any news regarding the dollar, as such developments can swiftly alter the market's direction.
Trade ativo
moved stopploss into breakeven
Aviso legal
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