The new moon occurs on July 5, 2024, at 6:58 pm EDT. The potential for a reversal in gold during the new moon is quite significant, especially with the peak of the north declination.
If analyzed technically, gold usually rises, as seen by the formation of a base on the H4 chart and a breakout to the upside, creating market optimism that the price will rise during the NFP and break its resistance.
However, from my perspective, this is just a trap, I predict that gold will actually go down due to the new moon phase.
If analyzed technically, gold usually rises, as seen by the formation of a base on the H4 chart and a breakout to the upside, creating market optimism that the price will rise during the NFP and break its resistance.
However, from my perspective, this is just a trap, I predict that gold will actually go down due to the new moon phase.
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