Gold is correcting after re-testing the symmetrical triangle along with the golden fib zone
Gold remains under pressure after breaking below the ascending trendline and confirming a short-term Change of Character (ChoCH). Price is now consolidating within a key demand zone around 4,000–4,050
The prices also fell below 9EMA, while RSI is also falling and rests near 40 level
Now a considerable correction below 4022 with strong volumes might drive the prices lower below 4000 levels
Fundamental factors:
Gold remains under pressure after breaking below the ascending trendline and confirming a short-term Change of Character (ChoCH). Price is now consolidating within a key demand zone around 4,000–4,050
The prices also fell below 9EMA, while RSI is also falling and rests near 40 level
Now a considerable correction below 4022 with strong volumes might drive the prices lower below 4000 levels
Fundamental factors:
- The market has already factored the soft CPI inflation reading
- Now the war in the Gulf region will again overtake the driver seat
- The dollar might again resume surging due to its ultimate safe-haven power
- And gold will continue to fall as the dollar strengthens
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면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.