GOLD: Dark Cloud Covers the Sky!

Hello everyone! Today i want to share some macro analysis with you!

TECHNICAL: Gold price resumed its downtrend to support the expected continuation of the dominant bearish trend during the day, waiting for a test of $2,600, which is the first major target of my recent forecasts, reminding that a break above this level would extend the bearish wave to the $2,513.15 area.

A break below the EMA50 supports the continuation of the suggested bearish wave, while a break above $2567 would stop the expected downtrend and allow the price to resume the dominant bullish trend once again.

Expect today's trading range to be between the 2610 support level and the 2645 resistance level.

Trading continues to be dominated by sell orders!

Asian and European market strategies:

Sell: 2643-45 TP:2630-2625 SL:2656

Futures Club

Join Tiger Futures Club to know more about trading futures!

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"detailType":1,"isChannel":false,"data":{"magic":2,"id":378680487924136,"tweetId":"378680487924136","gmtCreate":1733460610638,"gmtModify":1733461200835,"author":{"id":10000000000010924,"idStr":"10000000000010924","authorId":10000000000010924,"authorIdStr":"10000000000010924","name":"XAUUSD Gold Traders","avatar":"https://community-static.tradeup.com/news/6ec329fddcb95dc0e61a33a6a2b637a9","vip":8,"userType":8,"introduction":"，","boolIsFan":false,"boolIsHead":false,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[],"fanSize":192,"starInvestorFlag":false},"themes":[{"themeId":"3532cf4850a64871bb9c3732eadc7935","categoryId":"770db9836d2348e6a2ce970784159449","name":"Futures Club","type":0,"rnLink":"https://laohu8.com/RN?name=RNTheme&page=/theme/detail&rndata={\"themeId\":3532cf4850a64871bb9c3732eadc7935}&rnconfig={\"headerBarHidden\": true}","description":"Join Tiger Futures Club to know more about trading futures!","image":"https://static.tigerbbs.com/75a8315d7e7eae7e9f81266314b5d0df"}],"images":[{"img":"https://community-static.tradeup.com/news/fc57b83155a99c18509ca2c23003464a","width":"818","height":"443"}],"coverImages":[{"img":"https://community-static.tradeup.com/news/fc57b83155a99c18509ca2c23003464a","width":"818","height":"443"}],"title":"GOLD: Dark Cloud Covers the Sky!","html":"<html><head></head><body>Hello everyone! Today i want to share some macro analysis with you!1.TECHNICAL: Gold price resumed its downtrend to support the expected continuation of the dominant bearish trend during the day, waiting for a test of $2,600, which is the first major target of my recent forecasts, reminding that a break above this level would extend the bearish wave to the $2,513.15 area.A break below the EMA50 supports the continuation of the suggested bearish wave, while a break above $2567 would stop the expected downtrend and allow the price to resume the dominant bullish trend once again.Expect today's trading range to be between the 2610 support level and the 2645 resistance level.Trading continues to be dominated by sell orders! Asian and European market strategies: Sell: 2643-45 TP:2630-2625 SL:2656<img src=\"https://community-static.tradeup.com/news/fc57b83155a99c18509ca2c23003464a\" tg-width=\"818\" tg-height=\"443\"></body></html>","htmlText":"<html><head></head><body>Hello everyone! Today i want to share some macro analysis with you!1.TECHNICAL: Gold price resumed its downtrend to support the expected continuation of the dominant bearish trend during the day, waiting for a test of $2,600, which is the first major target of my recent forecasts, reminding that a break above this level would extend the bearish wave to the $2,513.15 area.A break below the EMA50 supports the continuation of the suggested bearish wave, while a break above $2567 would stop the expected downtrend and allow the price to resume the dominant bullish trend once again.Expect today's trading range to be between the 2610 support level and the 2645 resistance level.Trading continues to be dominated by sell orders! Asian and European market strategies: Sell: 2643-45 TP:2630-2625 SL:2656<img src=\"https://community-static.tradeup.com/news/fc57b83155a99c18509ca2c23003464a\" tg-width=\"818\" tg-height=\"443\"></body></html>","text":"Hello everyone! Today i want to share some macro analysis with you! 1. TECHNICAL: Gold price resumed its downtrend to support the expected continuation of the dominant bearish trend during the day, waiting for a test of $2,600, which is the first major target of my recent forecasts, reminding that a break above this level would extend the bearish wave to the $2,513.15 area. A break below the EMA50 supports the continuation of the suggested bearish wave, while a break above $2567 would stop the expected downtrend and allow the price to resume the dominant bullish trend once again. Expect today's trading range to be between the 2610 support level and the 2645 resistance level. Trading continues to be dominated by sell orders! Asian and European market strategies: Sell: 2643-45 TP:2630-2625 SL:2656","highlighted":1,"essential":1,"paper":2,"likeSize":34,"commentSize":0,"repostSize":2,"favoriteSize":0,"link":"https://ttm.financial/post/378680487924136","repostId":0,"isVote":1,"tweetType":1,"viewCount":482,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":["GOLD"],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":true,"length":675,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/378680487924136"}