Oro / DollaroShort
GOLD - DESCENT From The HEIGHTS
Aggiornato
Gold is approaching a new historical peak due to rising geopolitical tensions and expectations of U.S. interest rate cuts. Key developments include South Korea forming a coalition with the U.S. and Japan to monitor North Korea, following recent border escalations. In the Middle East, Israel's airstrikes on southern Beirut continue, despite U.S. calls for diplomacy. Additionally, Fed member Mary Daly hinted at possible rate cuts, boosting gold as a safe haven amid a weaker dollar.
Generally, the direction is uptrend
Uptrend Side: will touch the last level 2684, a breaking above it will touch the new high level from 2700.
Correction: Currently, the price is in a correction process toward 2,670.
Downtrend Side: In the bearish scenario, the price may continue its correction down to 2,670, with further potential decline below 2,661. Alternatively, the price may rise to reach a new high near 2,700 before beginning a decline, crossing 2,684 and 2,670 on the way down to 2,661.
Generally, the direction is uptrend
Uptrend Side: will touch the last level 2684, a breaking above it will touch the new high level from 2700.
Correction: Currently, the price is in a correction process toward 2,670.
Downtrend Side: In the bearish scenario, the price may continue its correction down to 2,670, with further potential decline below 2,661. Alternatively, the price may rise to reach a new high near 2,700 before beginning a decline, crossing 2,684 and 2,670 on the way down to 2,661.
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With Clear entry point and target line with stopout zone
~900 pips per week —— Accuracy more than 88%
with best learning
Be Stronger With us
THANKS for your support
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