GOLD IS GOING TO MAKE NEW HIGH PEAK??
Gold prices may increase next week due to concerns about Israel's attack on Iran, but if Iran does not respond gold prices may decrease slightly. In addition, important economic data will be released, especially the non-farm payrolls (NFP) report. Information about the US Personal Consumption Expenditure Index (PCE) also attracts attention, because high inflation and a weak labor market may cause the FED to only cut interest rates by 25 basis points this month. next. This can create profit-taking pressure, negatively affecting gold prices.
Technically, from a short-term perspective on the H1 chart, the gold price still shows an uptrend when the price is above the EMA89 moving average. Next week, if the gold price trades above the 2720 threshold, we can expect the price to continue to conquer the round resistance level of 2800. In case the support level of 2710 is broken, the immediate gold price will decrease and adjust to around the 2680 mark-
SETUP TO TRADE ✨
SELL GOLD PRICE 2801-2799
Stoploss 2805
BUY GOLD PRICE 2679-2681
Stoploss 2675
Hope this will helpfull for u have a Good weekend"💞
Technically, from a short-term perspective on the H1 chart, the gold price still shows an uptrend when the price is above the EMA89 moving average. Next week, if the gold price trades above the 2720 threshold, we can expect the price to continue to conquer the round resistance level of 2800. In case the support level of 2710 is broken, the immediate gold price will decrease and adjust to around the 2680 mark-
SETUP TO TRADE ✨
SELL GOLD PRICE 2801-2799
Stoploss 2805
BUY GOLD PRICE 2679-2681
Stoploss 2675
Hope this will helpfull for u have a Good weekend"💞
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