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
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.