GOLD
Gold prices rose in the European market on Friday, maintaining their gains for the third day in a row, near the highest level in four weeks, due to the slowdown in inflation in the United States during last January.
Personal consumption expenditures data showed a decrease in pressure on monetary policy makers at the Federal Reserve, and as a result, pricing in the possibility of a cut in US interest rates in May and June has increased.
In order to reprice these possibilities, investors are awaiting later today the release of important economic data from the United States, along with comments from some American monetary policy makers.
NEW forecast
The gold price stabilized above 2048 to obtain a positive incentive that supports expectations of achieving gains during the coming sessions, as the positive targets start at 2056 and above it after surpassing the previous level, which is 2046.
So long as the price trades above 2046, the levels of 2056 and 2066 will be the target, and above that, it will visit the previous bullish zone.
falling until 2036 and stabilizing under it will begin the negative step gradually.
Pivot Level: 2036
Tendency: Uptrend
Entry Price: 2051
Gold prices rose in the European market on Friday, maintaining their gains for the third day in a row, near the highest level in four weeks, due to the slowdown in inflation in the United States during last January.
Personal consumption expenditures data showed a decrease in pressure on monetary policy makers at the Federal Reserve, and as a result, pricing in the possibility of a cut in US interest rates in May and June has increased.
In order to reprice these possibilities, investors are awaiting later today the release of important economic data from the United States, along with comments from some American monetary policy makers.
NEW forecast
The gold price stabilized above 2048 to obtain a positive incentive that supports expectations of achieving gains during the coming sessions, as the positive targets start at 2056 and above it after surpassing the previous level, which is 2046.
So long as the price trades above 2046, the levels of 2056 and 2066 will be the target, and above that, it will visit the previous bullish zone.
falling until 2036 and stabilizing under it will begin the negative step gradually.
Pivot Level: 2036
Tendency: Uptrend
Entry Price: 2051
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