Gold prices temporarily halted their recovery streak as the USD increased slightly, in addition to the FED's hawkish comments, and stronger-than-expected US economic data reduced expectations of a FED interest rate cut in September. This creates momentum for the USD to put pressure on gold.
On the other hand, geopolitical tensions and instability may promote gold buying as a safe haven, and banks' demand will continue to boost gold prices.
Gold is continuing to maintain the recovery of wave 4 in the elliot wave model, investors are waiting for a trendline break around 2350 to catch the SELL retest with the expectation that gold will fall to the support area of 2325 and 2305.
Our long-term BUY point is around 2305 when the recovery wave of the buying trend ends.
SELL price range 2370 - 2472 stoploss 2376
SELL price range 2386 - 2488 stoploss 2392
BUY price range 2324 - 2322 stoploss 2318
BUY price range 2305 - 2307 stoploss 2301
On the other hand, geopolitical tensions and instability may promote gold buying as a safe haven, and banks' demand will continue to boost gold prices.
Gold is continuing to maintain the recovery of wave 4 in the elliot wave model, investors are waiting for a trendline break around 2350 to catch the SELL retest with the expectation that gold will fall to the support area of 2325 and 2305.
Our long-term BUY point is around 2305 when the recovery wave of the buying trend ends.
SELL price range 2370 - 2472 stoploss 2376
SELL price range 2386 - 2488 stoploss 2392
BUY price range 2324 - 2322 stoploss 2318
BUY price range 2305 - 2307 stoploss 2301
註釋
GOLD break the trendline and retest trendline. SELL GOLD zone 2350交易進行
Gold prices remain on the defensive ahead of US GDP data Gold prices traded in negative territory on Thursday, supported by a firmer US Dollar and higher US bond yields.Diminishing expectations of a Federal Reserve interest rate cut in September caused some selling pressure on the precious metal as it would increase the opportunity cost of gold.
Gold is gradually moving towards 2305 to end wave 5 and begin a trend reversal
註釋
BUY 2424-2322 + 100 pips ✔️✔️✔️✔️JOIN OUR FREE TELEGRAM GROUP t.me/+7rqP7ECMjpUxMzBl
MESSAGE US FOR VIP SIGNALS🏆 t.me/Leilani8597
MESSAGE US FOR VIP SIGNALS🏆 t.me/Leilani8597
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。
JOIN OUR FREE TELEGRAM GROUP t.me/+7rqP7ECMjpUxMzBl
MESSAGE US FOR VIP SIGNALS🏆 t.me/Leilani8597
MESSAGE US FOR VIP SIGNALS🏆 t.me/Leilani8597
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。