Track the price of GOLD
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track the price of Gold :
The current market conditions present challenges for short-term trading. With Chinese banks increasing gold reserves and the US announcing an upward revision of interest rates, there are strong indications pointing towards a further rise in the price of gold.
Consider the following: Why are market analysts emphasizing factors that could lead to a further increase in the price of gold? The rationale behind this is that there is significant selling pressure in the market. However, market makers are intent on attracting buyers to sell the substantial volume of gold . Therefore, it becomes clear why the prevailing narrative in financial news is centered on the anticipated upward movement of gold prices.
FOLLOW THE PRICE :
Based on my analysis of the Gold price chart, I have identified 2400 as a significant resistance level. For the gold price to remain within a favorable range, it should stay below this level, ideally fluctuating between 2380 and 2450 before potentially moving towards the initial target of 2240.
The current market conditions present challenges for short-term trading. With Chinese banks increasing gold reserves and the US announcing an upward revision of interest rates, there are strong indications pointing towards a further rise in the price of gold.
Consider the following: Why are market analysts emphasizing factors that could lead to a further increase in the price of gold? The rationale behind this is that there is significant selling pressure in the market. However, market makers are intent on attracting buyers to sell the substantial volume of gold . Therefore, it becomes clear why the prevailing narrative in financial news is centered on the anticipated upward movement of gold prices.
FOLLOW THE PRICE :
Based on my analysis of the Gold price chart, I have identified 2400 as a significant resistance level. For the gold price to remain within a favorable range, it should stay below this level, ideally fluctuating between 2380 and 2450 before potentially moving towards the initial target of 2240.
Nota
short look : there is strong range in Gold Market that shows market is balanced and we will have quiet weekend.2365 ~ 2325
Nota
Day trade : I suggest you look for 2380.try to be a good buyer before this price
Nota
update of day : As you see price levels were strong so I expect more decreasing for the price of Gold. I will share new post for this week
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