D1 gold increased yesterday, but the price bar created had a very narrow amplitude and was inside the previous price bar, creating a price action combo of inside bar + Narrow range bar, showing the cumulative price compression period. The gold D1 chart structure is still moving sideways.
H1 gold, after breaking out of the upper border of the lower price frame, is slowing down and cannot continue its upward trend because it has not yet created a higher price peak. Today the expectation is to continue waiting to buy H1 gold from the support zone below. If the price falls deeper, you can switch to waiting to sell gold because it is a sign of weakness.
H1 gold, after breaking out of the upper border of the lower price frame, is slowing down and cannot continue its upward trend because it has not yet created a higher price peak. Today the expectation is to continue waiting to buy H1 gold from the support zone below. If the price falls deeper, you can switch to waiting to sell gold because it is a sign of weakness.
Bình luận:
The world's yellow metal posted modest gains in the first trading session of the week as it continued to be boosted by safe-haven demand due to concerns about tensions in the Middle East and renewed expectations for the Federal Reserve to The US (Fed) will cut interest rates sooner than expected.
Bình luận:
The report released late last week showed that US producer prices fell unexpectedly in December. The data has traders betting that the Fed will cut 166 basis points this year instead previously priced 150 basis points.
Giao dịch đang hoạt động:
DONE SELL
Bình luận:
Recently, the Fed's maintenance of a restrictive monetary policy has made investors become cautious when participating in the gold market. Some analysts have said that the gold market will need to see an actual rate cut before investors return to the market in large numbers.
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