GOLD - It Reversed From The HIGH level

17 сент.

Gold prices retreated slightly in the European market on Tuesday, giving up the highest level ever, about to suffer the first loss in the last four days, due to the relative activity of correction operations and profit-taking. This comes ahead of the start of the Federal Reserve’s monetary policy meeting later today, where a new monetary easing cycle is expected in the United States, with strong possibilities of cutting US interest rates by about 50 basis points.

Generally, the direction is uptrend

Downtrend Side: Today the gold price will face a strong fall as a correction, and may they fall until the support of 2553 and under it 2531.

Uptrend Side: The price has established resistance at 2586. It has currently reversed from this level and must break through it to reach a new high of 2600, with the potential for more bullish volume at 2625.

Tendency Keys: 2586

17 сент.

Сделка закрыта: достигнута тейк-профит цена

Gold eased slightly on Tuesday after climbing to an all-time high in the previous session as dollar and Treasury yields edged higher, while traders positioned themselves for a potential U.S. interest rate cut decision by the Federal Reserve this week.