GOLD - BULLISH TENDENCY (4H)
Gold rebounds amid escalating Middle East tensions
Gold prices rose in the European market on Thursday for the first time in the last six days, as safe-haven buying of the metal increased amid escalating geopolitical tensions in the Middle East, with Iran preparing to strike Israel in response to the assassination of Hamas leader Ismail Haniyeh in Tehran.
The rise was also supported by a slowdown in the yield on the US 10-year Treasury note, as the market awaits more evidence about the Federal Reserve’s interest rate cuts this year.
Generally, the direction is trying to be a bullish trend.
Uptrend Side: Currently, the price is trading above 2391 toward 2420 and has a strong bullish trend toward 2420. breaking above this resistance will touch 2431 and above it.
Downtrend Side: The price may descend from the current zone, or after touching the resistance at 2420, it may push the price below 2400 and further down to below 2391.
Tendency Keys: 2420
Gold prices rose in the European market on Thursday for the first time in the last six days, as safe-haven buying of the metal increased amid escalating geopolitical tensions in the Middle East, with Iran preparing to strike Israel in response to the assassination of Hamas leader Ismail Haniyeh in Tehran.
The rise was also supported by a slowdown in the yield on the US 10-year Treasury note, as the market awaits more evidence about the Federal Reserve’s interest rate cuts this year.
Generally, the direction is trying to be a bullish trend.
Uptrend Side: Currently, the price is trading above 2391 toward 2420 and has a strong bullish trend toward 2420. breaking above this resistance will touch 2431 and above it.
Downtrend Side: The price may descend from the current zone, or after touching the resistance at 2420, it may push the price below 2400 and further down to below 2391.
Tendency Keys: 2420
about 4 Analysis per day.
With Clear entry point and target line with stopout zone
~900 pips per week —— Accuracy more than 88%
with best learning
Be Stronger With us
THANKS for your support
With Clear entry point and target line with stopout zone
~900 pips per week —— Accuracy more than 88%
with best learning
Be Stronger With us
THANKS for your support
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.