Hello and welcome. This is Mohammed Qais, a financial markets expert, bringing you the morning update on the short-term technical movements of gold for Tuesday, August 6, 2024.
Currently, gold is attempting to end its downward corrective wave, holding above the key support level at $2,400. However, gold will not be able to fully recover and regain its positive momentum unless it successfully breaks through the $2,420 level on a 15-minute timeframe. If it does, we could witness a strong upward movement in the coming hours, targeting the $2,450 level and potentially reaching $2,490 in upcoming trading sessions.
It is important to note that this optimistic scenario for gold will remain valid as long as prices stay above the psychological barrier at $2,400.
Currently, gold is attempting to end its downward corrective wave, holding above the key support level at $2,400. However, gold will not be able to fully recover and regain its positive momentum unless it successfully breaks through the $2,420 level on a 15-minute timeframe. If it does, we could witness a strong upward movement in the coming hours, targeting the $2,450 level and potentially reaching $2,490 in upcoming trading sessions.
It is important to note that this optimistic scenario for gold will remain valid as long as prices stay above the psychological barrier at $2,400.
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قناتي على التلجرام :
t.me/msqaisfx91
تابعني من خلال الرابط التالي :
msqaisfx.com/about-us
t.me/msqaisfx91
تابعني من خلال الرابط التالي :
msqaisfx.com/about-us
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。