Currently, the sharp drop in oil prices is the core driver of the gold price rebound. If PCE data confirms continued cooling inflation and GDP data confirms a slowdown in economic growth, these three signals—inflation, growth, and oil prices—will collectively point to a decline in US Treasury yields and a weakening dollar, attracting significant buying interest in gold. Conversely, if inflation data is high or economic growth exceeds expectations, the current bullish logic will completely fail, and market dominance will revert to the bears.
Signal analysis suggests: The 61.8% Fibonacci retracement level at $4,541.88 is the key level for determining bullish or bearish sentiment this week. Holding this level could see gold prices challenge $4,600; a break below this level would target $4,481.33, $4,462.78, and $4,423.82, ultimately targeting the core support level of the 52-week moving average at $4,375.77.
Signal analysis suggests: The 61.8% Fibonacci retracement level at $4,541.88 is the key level for determining bullish or bearish sentiment this week. Holding this level could see gold prices challenge $4,600; a break below this level would target $4,481.33, $4,462.78, and $4,423.82, ultimately targeting the core support level of the 52-week moving average at $4,375.77.
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This gold analysis plan is completely in line with the market.Uwaga
After touching the support at $4481, it reversed again to the resistance at $4541 and then pulled back to around $4481. Uwaga
This created favorable conditions for both bulls 🐂 and bears 🐻, and all participating traders were able to profit. 💰Transakcja zamknięta: osiągnięto wyznaczony cel
This gold analysis plan is completely in line with the market. After touching the support at $4481, it reversed again to the resistance at $4541 and then pulled back to around $4481. This created favorable conditions for both bulls 🐂 and bears 🐻, and all participating traders were able to profit. 💰Uwaga
If gold fails to break through the $4466-$4489 range in the short term 📉, it will likely continue to approach the $4400 level and lower support 🛑.Uwaga
Accurate signals are the only way for you to reap wealth. For real-time and detailed signals, please join the free signal area or leave a message. Best of luck to all traders.
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Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.