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Gold held below $1,990 an ounce on Tuesday after falling for two straight sessions, as investors remained cautious ahead of a key US inflation reading and interest rate decisions from major central banks this week.
GOLD forecast
the price reached our target and dropped from its strong resistance line which was in 2007
So, now still running at the bearish trend as long as trades under 1995 and 2007 to getting 1962
it has a short correction from here till 1995
the scenario is a Downtrend to reach 1961
Be careful stabilizing above 2007 by closing the 4h candles, which will make a new bullish zone to reach 2050
and beware of the CPI effect.
Pivot Price: 1995
Resistance Price: 2007 & 2020 & 2037
Support price: 1961 & 1950 & 1933
The movement range will be between 2007 and 1961
previous idea :
Gold held below $1,990 an ounce on Tuesday after falling for two straight sessions, as investors remained cautious ahead of a key US inflation reading and interest rate decisions from major central banks this week.
GOLD forecast
the price reached our target and dropped from its strong resistance line which was in 2007
So, now still running at the bearish trend as long as trades under 1995 and 2007 to getting 1962
it has a short correction from here till 1995
the scenario is a Downtrend to reach 1961
Be careful stabilizing above 2007 by closing the 4h candles, which will make a new bullish zone to reach 2050
and beware of the CPI effect.
Pivot Price: 1995
Resistance Price: 2007 & 2020 & 2037
Support price: 1961 & 1950 & 1933
The movement range will be between 2007 and 1961
previous idea :
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t.me/Srosh_signals
~6 analyses per day. With a clear entry point
more than 1000 pip per week —— Accuracy +88%
SM World and Economy News 24/7
Urgent News ⚡️:
t.me/SM_News_24h
