GOLD 27/06: CB news forecast?

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Gold prices struggled to gain any meaningful traction on Tuesday and hovered in a narrow trading range, just above the 1922$. Meanwhile, GOLD remains within impressive distance of the lows in more than three months hit last Friday and looks vulnerable to staying below the 100-day SMA.

In the short term and on the 4-hour chart, GOLD is also neutral, with risks tilted to the downside. The pair is currently stuck around the bearish 20 SMA, which develops below as well as the bearish 100 and 200 SMA. Finally, technical indicators remain directionless, just below their midlines, reflecting the absence of speculative interest.

Spot gold edged higher at the weekly open, filling a gap later in the European session. GOLD traded at a high of 1,933$, falling from that high to now hover around 1,925$. The US Dollar trades in a limited range against most of its major rivals on a quiet start to the week and as market participants await fresh clues from central banks and updates. inflationary.

At the moment, gold has two possibilities: it will bounce to the 1940 zone or it will collapse around 1915. I predict GOLD will return to the 1915 zone first. Then we have a very good buy GOLD zone around 1915 based on the support at 1912.5. Currently you can sell gold at this time to wait for my price range

Stop loss is around 70pip for every signal you trade, we will profit together, if you want sell signal 100pip like yesterday then support me

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Everything is going according to plan. Just wait

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Everything went according to my strategy and signal was done

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Anyone selling like my strategy? More than 100 pips