GOLD: Higer Rising Opens up Space for Further Gains
Hello everyone! Today i want to share some macro analysis with you!
1.
$Gold - main 2412(GCmain)$ GOLD TRADING ALERT: It's only a matter of time before gold exceeds $3,000, even if the U.S. cuts interest rates to get out of its economic woes! Because of the Federal Reserve again sharply cut interest rates is expected to heat up, coupled with the Middle East tensions further heating up, the price of gold once close to $ 2638.5, a record high.
Gold has now stabilised at 2630, so keep your buy orders trading next! New records will continue to arrive!
2.
On Tuesday (24 September) in the Asian market, gold continued to move higher in the short term, touching a record high near $2,640! If the gold price breaks through the resistance level of 2644.65, this will open up space for further gains in the price of gold.
Technical: Gold prices are trading within a major bullish channel. It is expected that the price will continue its bullish trend, waiting for the price to test the above channel resistance at 2644.65. It should be noted that if the price breaks above the above level, it will push the price to the next bullish target at 2660. I predict that the price will have a bullish bias today. It should be taken into account that if the price breaks below 2613-15, this will stop the bullish scenario and push the price into a bearish correction before turning back to the upside.
Gold prices are expected to trade at support at 2615. and resistance at 2650 today. Trading is dominated by buy trades! $XAU/USD(XAUUSD.FOREX)$
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https://x.com/TradersXauusd/status/1838501799772459150
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