GOLD Going Down
#trading_idea 💡
👑#Gold- Going Down
On the 4h chart, Prices dipped 0.4% to $2,610.50 per ounce as a stronger dollar weighed on demand. Investors are awaiting the Fed’s meeting minutes later today for clues on future rate cuts. Gold could get a boost if Thursday’s U.S. CPI report shows softer inflation. Support 2614 looks crucial at the moment. There are divergencies between price chart and Williams indicator. Bulls&Bears and Parabolic SAR both points on bears power.
🔽If the price break down 2614, the further decline to 2598 is possible.
🔼Otherwise, a rebound to 2635 - 2642 resistance zone and higher could be expected.
🔴 Click "👍" if you think the price will rise and "👎" if you think it will fall.
➡️GET $20,000 JUST FOR $99
👑#Gold- Going Down
On the 4h chart, Prices dipped 0.4% to $2,610.50 per ounce as a stronger dollar weighed on demand. Investors are awaiting the Fed’s meeting minutes later today for clues on future rate cuts. Gold could get a boost if Thursday’s U.S. CPI report shows softer inflation. Support 2614 looks crucial at the moment. There are divergencies between price chart and Williams indicator. Bulls&Bears and Parabolic SAR both points on bears power.
🔽If the price break down 2614, the further decline to 2598 is possible.
🔼Otherwise, a rebound to 2635 - 2642 resistance zone and higher could be expected.
🔴 Click "👍" if you think the price will rise and "👎" if you think it will fall.
➡️GET $20,000 JUST FOR $99
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