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GOLD - CONSOLIDATION between 2484 & 2497
Gold prices were flat on Monday, as investors await the U.S. inflation print due this week to strengthen their bets on the size of a likely reduction in the Federal Reserve’s interest rates.
Generally, the direction is uptrend
Downtrend The price touched the 2497 resistance level and stabilized under it. If traded below it, the price is likely to fall towards 2484 and under it to 2473.
Uptrend Side: Trading above 2497 by closing the 4H candle will indicate an uptrending toward 2597, with the potential to reach 2407.
correction: the price will rise to touch the resistance of 2497 as a correction, then will fall again to touch the 2484.
Generally, the direction is uptrend
Downtrend The price touched the 2497 resistance level and stabilized under it. If traded below it, the price is likely to fall towards 2484 and under it to 2473.
Uptrend Side: Trading above 2497 by closing the 4H candle will indicate an uptrending toward 2597, with the potential to reach 2407.
correction: the price will rise to touch the resistance of 2497 as a correction, then will fall again to touch the 2484.
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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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