Wait for news gold tonight, March 7
Gold rose above 2,150 USD during the European session. Gold's upward momentum has been consolidated after rising above its all-time high set last December, amid positive market sentiment ahead of the prospect of a Fed policy pivot and geopolitical risks. persistent treatment.
On frame D1, the RSI indicator in the overbought zone continues to be a cautious signal for buyers. In the event of a correction in gold prices, immediate support is Wednesday's session bottom at $2,124, with Tuesday's session bottom and the 23.6% Fibo level of the rally from the February 14 bottom to the March 7 peak, followed by 2,111 USD. Breaking through these supports, the decline could extend to $2,100.
On frame D1, the RSI indicator in the overbought zone continues to be a cautious signal for buyers. In the event of a correction in gold prices, immediate support is Wednesday's session bottom at $2,124, with Tuesday's session bottom and the 23.6% Fibo level of the rally from the February 14 bottom to the March 7 peak, followed by 2,111 USD. Breaking through these supports, the decline could extend to $2,100.
👉FREE SIGNALS EVERYDAY : t.me/ScalpingSignalsMrsea
Related Ideas
TP1: 2146
Tp2: 2136
SL: 2168