Odessa_Marlowe
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Odessa_Marlowe
Let's dive into today's gold trading strategy together! As the market opened today, gold saw a slight dip. Currently, the precious metal is trading at $2325, down by 0.35%, losing $9 in value for the day. This decline is largely attributed to concerns over the Federal Reserve's interest rate policies. However, the critical $2300 level remains a key support for the bulls. As long as this support holds, there's potential for a bullish rebound in the future. Wishing you a successful trading week ahead!Trade activeTrade active
Odessa_Marlowe
Hello everyone, let’s dive into today’s gold price analysis! On the chart, gold showed a strong rebound of nearly 300 pips on Friday. However, in the long term, it still resides within a downtrend as the price channel remains stable. Looking ahead to the potential movements and targets: Based on technical analysis, I expect the price to decline further after this recent adjustment, possibly reaching the upper boundary of the price channel. My target is set at $2280. What are your thoughts? Do you think gold will rise or fall this week?Trade active
Odessa_Marlowe
Hello everyone! What are your thoughts on XAUUSD? Looking at the 1D chart, it's clear that XAUUSD is currently in an accumulation phase, moving sideways around the $2400 level. However, the upward momentum remains promising as the Bulls are firmly defending the strong support at $2320. Given this scenario, it's likely that in the near future, gold will break through the $2430 peak and continue to target even higher levels. That's my take on it. Now, it's your turn! What do you think?Trade activeComment:Comment:
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