GOLD: The Expected Trend for Gold Prices is Bullish!
Hello everyone! Today i want to share some macro analysis with you!
1.
$Gold - main 2412(GCmain)$ Technical: Gold price has managed to touch our first awaited target at $2745.00. Today's trading started with a slight bearish bias in the gold price, influenced by negative stochastic signals.
It is expected that the gold price will continue its overall bullish bias in the coming period, with the next target located at $2770. It is important to take into account that once the gold price falls below $2,716.00, this will put additional bearish pressure on the gold price, in which case the gold price targets a test of the major bullish channel support line around 2659 before resuming its attempts to move higher.
Gold prices will trade today between support at 2725. and resistance at 2760.
The expected trend for gold prices is bullish. Trading is dominated by buy trades!
New York market strategy: Buy:2730-34 TP:2755 SL:2724 -22 $XAU/USD(XAUUSD.FOREX)$
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