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GOLD - LONG TERM
Gold prices fell sharply on Friday, losing approximately $28 in value. This decline was driven by increased speculation that the United States may continue its tight monetary policy for an extended period.
Positive data from the Philadelphia Manufacturing Index bolstered market optimism regarding the recovery of US economic growth. This development could support the US Federal Reserve's stance on maintaining high interest rates for a longer duration as it continues its fight against inflation.
Generally the Direction: the direction is up trend because still trading above 2391 so thus the rising chance is increasing.
Downtrend Side: as long as trade is under 2430, will try to touch 2418 and under it 2407.
Uptrend Side: the price should stabilize above 2430, especially above 2466, and thus will touch the new high level again.
Tendency Keys: 2430
Positive data from the Philadelphia Manufacturing Index bolstered market optimism regarding the recovery of US economic growth. This development could support the US Federal Reserve's stance on maintaining high interest rates for a longer duration as it continues its fight against inflation.
Generally the Direction: the direction is up trend because still trading above 2391 so thus the rising chance is increasing.
Downtrend Side: as long as trade is under 2430, will try to touch 2418 and under it 2407.
Uptrend Side: the price should stabilize above 2430, especially above 2466, and thus will touch the new high level again.
Tendency Keys: 2430
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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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