Gold (XAU/USD) Market Outlook
Gold appears bearish today, with potential lows projected in the range of 2744 to 2732.
Key Zones:
Optimal Selling Zone: Between 2763 and 2765.
Reversal Zone: If a Change of Character (CHOCH) is observed around 2745 to 2747, gold may shift bullish, targeting 2762 to 2765.
Event to Watch:
The speech by former U.S. President Trump at 9:30 PM (GMT+5:30) could significantly influence gold's price movement and overall market sentiment.
Traders are advised to monitor these levels closely and adjust their strategies accordingly
Key Zones:
Optimal Selling Zone: Between 2763 and 2765.
Reversal Zone: If a Change of Character (CHOCH) is observed around 2745 to 2747, gold may shift bullish, targeting 2762 to 2765.
Event to Watch:
The speech by former U.S. President Trump at 9:30 PM (GMT+5:30) could significantly influence gold's price movement and overall market sentiment.
Traders are advised to monitor these levels closely and adjust their strategies accordingly
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