Titan-Forex
@t_Titan-Forex
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Titan-Forex
Dear traders! Gold prices rose on Tuesday after economic data from the United States showed consumer spending was constrained by a weaker-than-estimated Retail Sales report. This has fueled speculation that the Federal Reserve could begin an easing cycle this year, thereby supporting gold. However, at the same time, a wedge is gradually forming with the aim of further consolidation. I expect that after the market returns to the support level, the price will break the resistance and grow. Plan to trade today June 19 👨💻 XAUUSD BUY zone 2323 - 2321 🔹SL 2318 🔹TP 2328 - 2334 - 2340 It is expected that in the near future, as long as gold maintains above the resistance level of 2328 USD, we will see gold develop and retest the liquidity zone of 2373 USD as mentioned before.
Titan-Forex
Dear traders! Gold prices increased to new bids, despite the risk-on market sentiment. The US dollar tried to recover even as US Treasury yields fell again. The path of least resistance emerges for Gold prices amid Bear Cross and bearish RSI. From the 1D chart, Titan personally appreciates the dip-buying strategy for gold to continue as long as the 2300 support level holds amid a gradually narrowing BB. It is expected that this price increase will reach 2377 USD at least.Trade activeTrade activeComment:
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