#market_pulse #Gold
👋 Greetings, SabioTraders!
👀 Let's take a close look at #Gold and its potential trading opportunities.
📊 Technical and Fundamental Insights
Gold prices steadied on Thursday after hitting a two-week low, with spot gold unchanged at $2,298.76 per ounce. Investors are awaiting U.S. inflation data for clues on future Fed rate cuts. The dollar near an eight-week high and firm bond yields are pressuring gold. Fed's Bowman expects inflation to decline with rates held steady. If core PCE data disappoints, gold could dip towards $2,270.
Technical Analysis:
On the chart, gold is trading within a descending channel, indicating a bearish trend. Key support is around $2,270, with resistance near $2,450. Stochastic indicators show oversold conditions, suggesting a potential rebound if economic data supports it.
Question:
How do you think, will gold continue its fall towards $2,270 level, or is it accumulating positions ahead of a rise?
👍 Rise
👎 Fall
🤔 Unsure
💵💵💵
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👋 Greetings, SabioTraders!
👀 Let's take a close look at #Gold and its potential trading opportunities.
📊 Technical and Fundamental Insights
Gold prices steadied on Thursday after hitting a two-week low, with spot gold unchanged at $2,298.76 per ounce. Investors are awaiting U.S. inflation data for clues on future Fed rate cuts. The dollar near an eight-week high and firm bond yields are pressuring gold. Fed's Bowman expects inflation to decline with rates held steady. If core PCE data disappoints, gold could dip towards $2,270.
Technical Analysis:
On the chart, gold is trading within a descending channel, indicating a bearish trend. Key support is around $2,270, with resistance near $2,450. Stochastic indicators show oversold conditions, suggesting a potential rebound if economic data supports it.
Question:
How do you think, will gold continue its fall towards $2,270 level, or is it accumulating positions ahead of a rise?
👍 Rise
👎 Fall
🤔 Unsure
💵💵💵
GET $20,000 JUST FOR $99 PERFECT20 (promo code)
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.
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.