Candle D still shows that the battle between buyers and sellers has not yet been defeated.
3033 Plays an important role in the current downtrend structure. H4 Closes above the 3033 zone, officially breaking the wave and giving priority to the BUY side.
Gold is pushing up and wants to break the dynamic resistance of 3027. Closes above 3027, gold is heading towards 3033-3035. If it does not break this zone, you can SELL to 3005 and if the US breaks 3005, hold to 2983. If the 3033 zone is broken, wait for BUY to break 3033, the daily target is towards 3045.
3033 Plays an important role in the current downtrend structure. H4 Closes above the 3033 zone, officially breaking the wave and giving priority to the BUY side.
Gold is pushing up and wants to break the dynamic resistance of 3027. Closes above 3027, gold is heading towards 3033-3035. If it does not break this zone, you can SELL to 3005 and if the US breaks 3005, hold to 2983. If the 3033 zone is broken, wait for BUY to break 3033, the daily target is towards 3045.
Trade active
Gold awaits US PCE inflation data for a sustained move higherThe gold price is finding fresh demand above $3,000 early Thursday, following a lacklustre performance on Wednesday. Gold buyers try their luck and aim for the record high of $3,058 once again as they near Friday’s US inflation test.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.