Gold prices continue uptrend from $2600
Conan, hello everyone!
Today, gold prices continue to show strength, maintaining an UPtrend with an important resistance level at $2636, but have not been able to break it yet. Currently, gold is trading around $2629, up slightly by 0.03% on the day.
In the coming time, this uptrend is likely to continue, supported by the Fed's decision to cut interest rates and geopolitical uncertainty. Technically, $2602 is forming as an important support in the uptrend channel. After consolidating here, we can expect gold prices to reach the first profit-taking target at $2690, corresponding to the Fibonacci level of 1.618.
Stay tuned to capture these potential trading opportunities!
Today, gold prices continue to show strength, maintaining an UPtrend with an important resistance level at $2636, but have not been able to break it yet. Currently, gold is trading around $2629, up slightly by 0.03% on the day.
In the coming time, this uptrend is likely to continue, supported by the Fed's decision to cut interest rates and geopolitical uncertainty. Technically, $2602 is forming as an important support in the uptrend channel. After consolidating here, we can expect gold prices to reach the first profit-taking target at $2690, corresponding to the Fibonacci level of 1.618.
Stay tuned to capture these potential trading opportunities!
Comentário
Price suddenly broke resistance yesterday
✅Free trading signals here:
👉 t.me/+TNpn2UzzCR42MTBl
👉 t.me/+TNpn2UzzCR42MTBl
Publicações relacionadas
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.