GOLD - Geopolitical Tensions... Controlled Tendency
Gold prices climbed for a second consecutive session on Tuesday, hitting a one-week high as mounting Russia-Ukraine tensions sparked a rush for safe-haven assets, while investors awaited key signals on the Federal Reserve's interest rate plans.
Generally, the direction is uptrend-sensitive movement
Uptrend Side: Gold prices are trending upward, supported by geopolitical tensions. To confirm this uptrend, we need a 1-hour candle to close above 2642, breaking the resistance and gaining momentum toward 2669 and 2701.
Downtrend Side: The bearish trend will remain active as long as the price stays below the resistance levels of 2642 and 2669. The downside targets are projected at 2605, 2585, and 2566.
Tendency Keys: 2642
Generally, the direction is uptrend-sensitive movement
Uptrend Side: Gold prices are trending upward, supported by geopolitical tensions. To confirm this uptrend, we need a 1-hour candle to close above 2642, breaking the resistance and gaining momentum toward 2669 and 2701.
Downtrend Side: The bearish trend will remain active as long as the price stays below the resistance levels of 2642 and 2669. The downside targets are projected at 2605, 2585, and 2566.
Tendency Keys: 2642
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With Clear entry point and target line with stopout zone
~900 pips per week —— Accuracy more than 88%
with best learning
Be Stronger With us
THANKS for your support
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