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gold analysis

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gold analysis
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The dollar index needs to break below 103 and 102.60 in order for gold to resume the bullish trend. A break below $1885 remains a great possibility, which keeps the door open for further decline towards 1872-1868 (to cover the price gap in these areas)

And if the weakness continues, this will be followed by tests of the main support levels, as we have an important week in terms of important economic data, which will have a significant impact on the market, especially gold. His way towards the areas of resistance (1929-1935-1940).

Gold is in a downward sub-trend, and currently the price is at the 1887 area. If the 1884 area is broken, we will target the 1869/1872 area, and if the 1869 area is broken, we will continue to fall towards the 1845/1855 areas. If the price remains above the 1909 area, we will visit the 1912/1929/1935 areas.