From a big-picture perspective, gold should continue its upward trend as real interest rates are expected to continue to decline as the Fed's policy turns dovish. However, in the short term, a re-adjustment of interest rate expectations could trigger a further correction.
Technical Analysis:
On the 4-hour chart, gold prices have broken below the neckline of the double top pattern, strengthening bearish momentum. The neckline will now become a new resistance level, where bears may position themselves, with stops set above resistance, aiming for a further break below the trendline. Bulls, on the other hand, would like to see gold prices re-break through the neckline, thereby negating the bearish pattern and pushing prices back to higher levels.
Technical Analysis:
On the 4-hour chart, gold prices have broken below the neckline of the double top pattern, strengthening bearish momentum. The neckline will now become a new resistance level, where bears may position themselves, with stops set above resistance, aiming for a further break below the trendline. Bulls, on the other hand, would like to see gold prices re-break through the neckline, thereby negating the bearish pattern and pushing prices back to higher levels.
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t.me/david_456654
t.me/david_456654
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The road to success is not crowded. As long as you choose the right direction and follow the right team, you will be able to move forward.
t.me/david_456654
t.me/david_456654
Publikasi terkait
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.