GOLD
OUTLOOK
Gold prices rose to their highest levels in two weeks on Thursday as a decline in the dollar and Treasury yields increased investor appetite for bullion as they awaited clues about the path of interest rates during a meeting of central bankers in Jackson Hole.
The Federal Reserve holds its annual meeting in Jackson Hole, Wyoming, from August 24-26. Investors are awaiting Fed Chairman Jerome Powell's speech on Friday to see if interest rates will remain high for much longer.
Currently , stabilized under 1902 will make a price to continue at the bullish tendency but right now price will try to retest the previously support level 1912 and then will rise again
because the price needs to correction for this purpose a correction is formed to previously broken levels
so under 1924 the price will try to retest until 1912 and then rise up and to confirm the bullish trend should stable above 1924 and then the target will be 1932 and 1943
The expect range trading for today will be between resistance line 1924 area and support line 1912 area
Additionally , Today news will affect the market so be care
support line : 1912 , 1902
resistance line : 1932 , 1943
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OUTLOOK
Gold prices rose to their highest levels in two weeks on Thursday as a decline in the dollar and Treasury yields increased investor appetite for bullion as they awaited clues about the path of interest rates during a meeting of central bankers in Jackson Hole.
The Federal Reserve holds its annual meeting in Jackson Hole, Wyoming, from August 24-26. Investors are awaiting Fed Chairman Jerome Powell's speech on Friday to see if interest rates will remain high for much longer.
Currently , stabilized under 1902 will make a price to continue at the bullish tendency but right now price will try to retest the previously support level 1912 and then will rise again
because the price needs to correction for this purpose a correction is formed to previously broken levels
so under 1924 the price will try to retest until 1912 and then rise up and to confirm the bullish trend should stable above 1924 and then the target will be 1932 and 1943
The expect range trading for today will be between resistance line 1924 area and support line 1912 area
Additionally , Today news will affect the market so be care
support line : 1912 , 1902
resistance line : 1932 , 1943
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
Trade chiuso: obiettivo raggiunto:
As we said the price will try to retest to 1912 and then will rise again
and already and thank to news the price reached at the support line 1912
Now , the price try to rise again and it possible to reach the next support line and then rise so be care if price can stable under 1912 then the price will try to rise
and already and thank to news the price reached at the support line 1912
Now , the price try to rise again and it possible to reach the next support line and then rise so be care if price can stable under 1912 then the price will try to rise
Commento:
as we said the price will retest to 1912 and then will rise up and price reached to 1922 and now to confirm the bullish trend should stable above 1924 and then will reach 1932 and 1943
