SuzukiForex
@t_SuzukiForex
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SuzukiForex
Dear traders! Overall, from the 1D chart gold is oscillating in a range from 2295 to 2380. Clearly indicated by the upper and lower Bollinger Bands narrowing, showing the market is less volatile and moving within a range certain. In this case, Suzuki is personally eyeing immediate support at $2295, a break below which would result in a significant price decline, while a hold would result in a significant price increase. It is expected that the price will recover after the correction and target 2380 USD at least.Trade activeTrade activeComment: Gold price picks up fresh bids, despite a risk-on market sentiment. The US Dollar attempts a bounce even as the US Treasury bond yields turn south again. The path of least resistance appears down for Gold price amid a Bear Cross and a bearish RSI.
SuzukiForex
Dear friends! It's time to buy gold And the buying pressure is huge at Fibonacci 0.618 (ie 2320), now the price has formed. Additionally, there is a Fair Value Gap (FVG) ahead that could be filled this week, ranging between 2347USD and 2373. This presents an interesting opportunity for long traders. Therefore, we can buy gold and target around 2373 USD at least.Trade activeTrade activeComment: +35 pips from entry 2016.Comment:
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