The price of gold is currently fluctuating within a short-term trading range and is gradually moving towards the recent support line.
If the gold price falls below $1,965, then it may encounter strong resistance at $1,973, which could lead to a further decline.
However, if the gold price manages to rise above $1,973, it could potentially reach the $2,000 mark in a gradual manner.
Given that the $1955 price is an important short-term support, this area will be retested. So I would consider buying around 1952-1954 And consider selling gold around 1968
Support: 1953.6 1939.39 1918
Resistance: 1966.2 1987.65 2003.5
If the gold price falls below $1,965, then it may encounter strong resistance at $1,973, which could lead to a further decline.
However, if the gold price manages to rise above $1,973, it could potentially reach the $2,000 mark in a gradual manner.
Given that the $1955 price is an important short-term support, this area will be retested. So I would consider buying around 1952-1954 And consider selling gold around 1968
Support: 1953.6 1939.39 1918
Resistance: 1966.2 1987.65 2003.5
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Sorry "If the gold price falls below $1,965" => In case Gold Price breaks through $1,965
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The two main banks must continue to increase interest rates for as long as it takes.
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The crypto market experienced a sudden shock recently due to accusations against Binance for deception and mishandling of funds by the US Securities and Exchange Commission.
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Gold 1960
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Gold sell +110pips
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Gold buy 1954 +70pips
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Continue 100pips
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The recent lawsuit filed against Binance states that the US Securities and Exchange Commission (SEC) has categorized 61 cryptocurrencies as security. This has resulted in a negative impact on $100 billion worth of tokens available in the market.
