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*XAUUSD 1H* Market Respect the TRENDLINE If break the TRENDLINE (LEVEL) Then long buy 📈
GOLD NEXT WEEK LEVELS:
$1925-30 TO $1960-70
SUPPORT NOW AT $1930 FOLLOWED BY 200 EMA AT $1910
RESISTANCE NOW AT $1960 FOLLOWED BY $1980
INFLATION DATA NEXT WEEK SO EXPECT VOLATILITY
1. GOLD IS IS A SHORT TERM DOWN CHANNEL SINCE 18TH JULY 2023.
2.STILL STUCK IN RANGE $1940 TO $1980.
3. NEXT WEEK IS INFLATION DATA
4.EXPECT THIS RANGE TO BREAK NEXT WEEK
5.A SWING WAS FORMED ON FRIDAY
6. SO VERY SHORT TERM,EXPECT POSITIVE START TO WEEK
7.EXPECT VOLATILITY DUE TO INFLATION DATA
*NEWS ALERT TRADERS!* 🆘
There will be high impact news affecting USD tonight. So, be careful when positioning your entries because the ⚜️GOLD⚜️ market will be in high volatility 🕯
Please take care of your emotions and do not let yourself fell into greediness. Be composed and make your analysis, fellas 🧮
*Why did gold spike up yesterday⁉️*
When there is news of air strikes happening in Odesa for a second night, it makes people worried about what might happen next.
In times like these, many investors think gold is a safe choice to protect their money. So they buy more gold, and when a lot of people want to buy it, the price goes up quickly.
