GOLD: Confronted with Resistance Line!

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

$E-Micro Gold - main 2502(MGCmain)$ $Gold - main 2502(GCmain)$ $XAU/USD(XAUUSD.FOREX)$ Gold price managed to break below the intraday bullish trend line and stabilised below it, reinforcing the expectation of a continuation of the bearish trend on an intraday basis, mainly waiting for a visit to the $2,615.00 and subsequently the $2,600.00 level.

Stochastic has clearly lost its positive momentum, supporting the downward expectation that a break above $2687 will stop the bearish wave and lead the price back to the main bullish track again.

Today's trading range is expected to be between the $2625 support level and the $2660 resistance level.

Trend forecast: Bearish!

European Market Strategy: Sell: 2652-2655 TP:2633-30 SL:2661.5

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Today i want to share some macro analysis with you! <a data-mention-id=\"MGCmain\" class=\"teditor-mention\" data-mention-name=\"E-Micro Gold - main 2502\" href=\"https://ttm.financial/FUT/MGCmain\">$E-Micro Gold - main 2502(MGCmain)$</a> <a data-mention-id=\"GCmain\" class=\"teditor-mention\" data-mention-name=\"Gold - main 2502\" href=\"https://ttm.financial/FUT/GCmain\">$Gold - main 2502(GCmain)$</a> <a data-mention-id=\"XAUUSD.FOREX\" class=\"teditor-mention\" data-mention-name=\"XAU/USD\" href=\"https://ttm.financial/S/XAUUSD.FOREX\">$XAU/USD(XAUUSD.FOREX)$</a> Gold price managed to break below the intraday bullish trend line and stabilised below it, reinforcing the expectation of a continuation of the bearish trend on an intraday basis, mainly waiting for a visit to the $2,615.00 and subsequently the $2,600.00 level.Stochastic has clearly lost its positive momentum, supporting the downward expectation that a break above $2687 will stop the bearish wave and lead the price back to the main bullish track again.Today's trading range is expected to be between the $2625 support level and the $2660 resistance level.Trend forecast: Bearish! European Market Strategy: Sell: 2652-2655 TP:2633-30 SL:2661.5 <img src=\"https://community-static.tradeup.com/news/7ed4fa8f57517123d57bcc166abe0649\" tg-width=\"841\" tg-height=\"464\">Follow me to learn more about analysis!!</body></html>","htmlText":"<html><head></head><body>Hello everyone! Today i want to share some macro analysis with you! <a data-mention-id=\"MGCmain\" class=\"teditor-mention\" data-mention-name=\"E-Micro Gold - main 2502\" href=\"https://ttm.financial/FUT/MGCmain\">$E-Micro Gold - main 2502(MGCmain)$</a> <a data-mention-id=\"GCmain\" class=\"teditor-mention\" data-mention-name=\"Gold - main 2502\" href=\"https://ttm.financial/FUT/GCmain\">$Gold - main 2502(GCmain)$</a> <a data-mention-id=\"XAUUSD.FOREX\" class=\"teditor-mention\" data-mention-name=\"XAU/USD\" href=\"https://ttm.financial/S/XAUUSD.FOREX\">$XAU/USD(XAUUSD.FOREX)$</a> Gold price managed to break below the intraday bullish trend line and stabilised below it, reinforcing the expectation of a continuation of the bearish trend on an intraday basis, mainly waiting for a visit to the $2,615.00 and subsequently the $2,600.00 level.Stochastic has clearly lost its positive momentum, supporting the downward expectation that a break above $2687 will stop the bearish wave and lead the price back to the main bullish track again.Today's trading range is expected to be between the $2625 support level and the $2660 resistance level.Trend forecast: Bearish! European Market Strategy: Sell: 2652-2655 TP:2633-30 SL:2661.5 <img src=\"https://community-static.tradeup.com/news/7ed4fa8f57517123d57bcc166abe0649\" tg-width=\"841\" tg-height=\"464\">Follow me to learn more about analysis!!</body></html>","text":"Hello everyone! Today i want to share some macro analysis with you! $E-Micro Gold - main 2502(MGCmain)$ $Gold - main 2502(GCmain)$ $XAU/USD(XAUUSD.FOREX)$ Gold price managed to break below the intraday bullish trend line and stabilised below it, reinforcing the expectation of a continuation of the bearish trend on an intraday basis, mainly waiting for a visit to the $2,615.00 and subsequently the $2,600.00 level. Stochastic has clearly lost its positive momentum, supporting the downward expectation that a break above $2687 will stop the bearish wave and lead the price back to the main bullish track again. Today's trading range is expected to be between the $2625 support level and the $2660 resistance level. Trend forecast: Bearish! 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