Short-Term Technical Analysis for Gold-6/8/2024
Hello and welcome. This is Mohammed Qais, a financial markets expert, bringing you the morning update on the short-term technical movements of gold for Tuesday, August 6, 2024.
Currently, gold is attempting to end its downward corrective wave, holding above the key support level at $2,400. However, gold will not be able to fully recover and regain its positive momentum unless it successfully breaks through the $2,420 level on a 15-minute timeframe. If it does, we could witness a strong upward movement in the coming hours, targeting the $2,450 level and potentially reaching $2,490 in upcoming trading sessions.
It is important to note that this optimistic scenario for gold will remain valid as long as prices stay above the psychological barrier at $2,400.
Currently, gold is attempting to end its downward corrective wave, holding above the key support level at $2,400. However, gold will not be able to fully recover and regain its positive momentum unless it successfully breaks through the $2,420 level on a 15-minute timeframe. If it does, we could witness a strong upward movement in the coming hours, targeting the $2,450 level and potentially reaching $2,490 in upcoming trading sessions.
It is important to note that this optimistic scenario for gold will remain valid as long as prices stay above the psychological barrier at $2,400.
يمكنك الاشتراك في عضوية نخبة المتداولين من خلال الرابط التالي :
youtube.com/channel/UCtIKbrKjyjjbFWwrw9sCKpQ/join
youtube.com/channel/UCtIKbrKjyjjbFWwrw9sCKpQ/join
Wyłączenie odpowiedzialności
Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.