Todays is Holiday that's why USA market is slowed. Gold is currently being rejected just above the Higher High’s trendline of the Hourly 4 chart’s $2058-$2062 area .Gold will start new multi-session Bullish pattern that will remain next 4 sessions however breaking trio Support $2050-$2052 area will represent possibility for aggressive decline towards $2040-$2042 that is just the little correction Moreover, Gold is on more and more on fundamentals and overbought , according to the cot data Non commercials are 55% on long and commercials 66% are on short (9-1-24 cot data).if the $2060 breaks in the next sessions gold with make projectile towards $2100 however, last Friday was ultimate fundamentals if we narrow down the UK & USA attack on yamen that creates tensions on global level and keep in mind that scenarios push gold up and up
Todays is Holiday that's why USA market is slowed. Gold is currently being rejected just above the Higher High’s trendline of the Hourly 4 chart’s $2058-$2062 area .Gold will start new multi-session Bullish pattern that will remain next 4 sessions however breaking trio Support $2050-$2052 area will represent possibility for aggressive decline towards $2040-$2042 that is just the little correction Moreover, Gold is on more and more on fundamentals and overbought , according to the cot data Non commercials are 55% on long and commercials 66% are on short (9-1-24 cot data).if the $2060 breaks in the next sessions gold with make projectile towards $2100 however, last Friday was ultimate fundamentals if we narrow down the UK & USA attack on yamen that creates tensions on global level and keep in mind that scenarios push gold up and up
