Złoto / Dolar USAZaktualizowano The opposition between the FED and Middle Eastern politics
Complicated geopolitical developments are counterbalancing the Fed's recent stance to support gold prices. On the one hand, the Fed strengthens the Dollar compared to other major currencies. On the other hand, gold is also supported. Support when potential market risks are likely to flare up and increase the attractiveness of Precious Metals that do not generate yields.
Amid the worsening situation, this news pushed the safe-haven asset gold up rapidly. However, gold also needs more of these types of impacts to reach its original price of $2,400.
In addition to closely monitoring the situation taking place in the Middle East, traders also need to pay attention to developments from the ongoing conflict in Ukraine, etc. Basically, traders need to pay attention to everything. Regardless of any major geopolitical developments happening globally, gold is an asset that easily reacts to sudden news on the market.
Analyze technical prospects
Gold is trying to operate around the EMA334 level as it recovers from the technical level of $2,324 USD, which readers noticed in last Friday's edition. However, the recovery momentum is limited with EMA21.
For the gold price to be technically bullish, it would at least need to break out and return to above-trend activity i.e. above the 2370 zone and its short-term target level followed by the opening Fibonacci level. The wide trend is the original price of 2,400 USD.
Meanwhile, gold is at risk of a further decline if it sells off below the $2,324 support level with a target then around $2,305 – $2,300.
Support: 2335 - 2,324 - 2305 USD
Resistance: 2,356 –2,370 - 2,400 USD
Amid the worsening situation, this news pushed the safe-haven asset gold up rapidly. However, gold also needs more of these types of impacts to reach its original price of $2,400.
In addition to closely monitoring the situation taking place in the Middle East, traders also need to pay attention to developments from the ongoing conflict in Ukraine, etc. Basically, traders need to pay attention to everything. Regardless of any major geopolitical developments happening globally, gold is an asset that easily reacts to sudden news on the market.
Analyze technical prospects
Gold is trying to operate around the EMA334 level as it recovers from the technical level of $2,324 USD, which readers noticed in last Friday's edition. However, the recovery momentum is limited with EMA21.
For the gold price to be technically bullish, it would at least need to break out and return to above-trend activity i.e. above the 2370 zone and its short-term target level followed by the opening Fibonacci level. The wide trend is the original price of 2,400 USD.
Meanwhile, gold is at risk of a further decline if it sells off below the $2,324 support level with a target then around $2,305 – $2,300.
Support: 2335 - 2,324 - 2305 USD
Resistance: 2,356 –2,370 - 2,400 USD
Uwaga
active plan sell at resistance 2356Uwaga
After the CCI index announced that gold has dropped from the resistance area 2356 to 2348. Congratulations to members following the strategy. Gold is trading around 2364 with a small resistance area around 2370Uwaga
JOIN OUR FREE TELEGRAM GROUP t.me/+HARBQ2pBFaI5ZjI1
MESSAGE US FOR VIP SIGNALS🏆 t.me/Leilani8597
MESSAGE US FOR VIP SIGNALS🏆 t.me/Leilani8597
JOIN OUR FREE TELEGRAM GROUP t.me/+HARBQ2pBFaI5ZjI1
MESSAGE US FOR VIP SIGNALS🏆 t.me/Leilani8597
MESSAGE US FOR VIP SIGNALS🏆 t.me/Leilani8597
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.