Hello and welcome. This is Mohammed Qais, a financial markets expert, bringing you the morning update on the short-term technical movements of gold for Tuesday, August 6, 2024.
Currently, gold is attempting to end its downward corrective wave, holding above the key support level at $2,400. However, gold will not be able to fully recover and regain its positive momentum unless it successfully breaks through the $2,420 level on a 15-minute timeframe. If it does, we could witness a strong upward movement in the coming hours, targeting the $2,450 level and potentially reaching $2,490 in upcoming trading sessions.
It is important to note that this optimistic scenario for gold will remain valid as long as prices stay above the psychological barrier at $2,400.
Currently, gold is attempting to end its downward corrective wave, holding above the key support level at $2,400. However, gold will not be able to fully recover and regain its positive momentum unless it successfully breaks through the $2,420 level on a 15-minute timeframe. If it does, we could witness a strong upward movement in the coming hours, targeting the $2,450 level and potentially reaching $2,490 in upcoming trading sessions.
It is important to note that this optimistic scenario for gold will remain valid as long as prices stay above the psychological barrier at $2,400.
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Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
قناتي على التلجرام :
t.me/msqaisfx91
تابعني من خلال الرابط التالي :
msqaisfx.com/about-us
t.me/msqaisfx91
تابعني من خلال الرابط التالي :
msqaisfx.com/about-us
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.