Gold consolidated towards the growth side once again, though the market currently shows no clear directional momentum. Despite this, price action is forming a strong upside trade pattern, indicating potential for bullish continuation.
Gold prices rose on Wednesday as bargain hunters stepped in after bullion dropped to a near one-week low in the previous session. Market participants are now focused on upcoming U.S. private payroll data, seeking cues on future interest rate moves by the Federal Reserve.
Technical Outlook
From a technical perspective, traders need to monitor the gold market carefully If bulls maintain control, prices could extend their growth phase a temporary pullback to test support levels is possible, but as long as price holds above key supports, the overall trend remains bullish the upside targets for the current move are projected around 3995 to 4022.
You may find more details in the chart.
Trade wisely best of Luck Buddies,
Ps; Support with like and comments for better analysis Thanks for Supporting.
Gold prices rose on Wednesday as bargain hunters stepped in after bullion dropped to a near one-week low in the previous session. Market participants are now focused on upcoming U.S. private payroll data, seeking cues on future interest rate moves by the Federal Reserve.
Technical Outlook
From a technical perspective, traders need to monitor the gold market carefully If bulls maintain control, prices could extend their growth phase a temporary pullback to test support levels is possible, but as long as price holds above key supports, the overall trend remains bullish the upside targets for the current move are projected around 3995 to 4022.
You may find more details in the chart.
Trade wisely best of Luck Buddies,
Ps; Support with like and comments for better analysis Thanks for Supporting.
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Join My telegram Channel
t.me/AnalysisGold2
Free Forex Signals
t.me/Jamessignals11
t.me/AnalysisGold2
Free Forex Signals
t.me/Jamessignals11
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.