Gold Sideways: Waiting for a Breakout to Determine the Next Tren

由Romio_pro提供
已更新
Gold is currently trading sideways between resistance at 2,530 and support at 2,480, awaiting a breakout to determine the next trend.

EMA 34: Acting as near-term support, indicating a short-term uptrend. If the price falls below EMA 34, selling pressure could increase. EMA 89 provides medium-term support; maintaining the price above EMA 89 will support the uptrend.

Traders should look for confirmation signals from a breakout model. A price move beyond the resistance or support levels will signal a clear trading opportunity.

Whales are trading large volumes, creating strong volatility and potentially causing unexpected gold price increases.
交易开始
Today, September 7th, the price of gold (XAUUSD) slightly decreased to $2,497.57/oz, down 0.79% after hitting resistance. The decline was driven by a stronger USD and a disappointing Non-Farm Payroll (NFP) report from the U.S., which raised concerns about the Federal Reserve's interest rate policy.
buyChart PatternsForexHarmonic PatternslongsetupSELLTechnical AnalysisTrend AnalysisXAUUSD
Romio_pro
🔥Join my Telegram for Free: t.me/+rWQyqNB1YTM0M2E1
👉Up to 85% Win Rate
👉Access Free Trading Signals
👉Fast & Accurate Updates