Gold moved into consolidation after a bullish run. The metal pulled back to $4110/oz on Tuesday as investors booked profits following Monday’s six-week high. The market is now focused on U.S. interest rate expectations, with growing anticipation of a rate cut next week. Traders are also awaiting remarks from Federal Reserve Chair Jerome Powell later today for additional guidance on the Fed’s rate trajectory.
Price retested the 4205 zone and rebounded, indicating a healthy pullback within the uptrend If bulls successfully hold the 4210 support range, upward momentum could strengthen quickly On the upside, the next major resistance levels to watch are 4260 and 4300.
You may find more details in the chart.
Trade wisely best of luck buddies.
Ps; Support with like and comments for better analysis thanks for supporting.
Price retested the 4205 zone and rebounded, indicating a healthy pullback within the uptrend If bulls successfully hold the 4210 support range, upward momentum could strengthen quickly On the upside, the next major resistance levels to watch are 4260 and 4300.
You may find more details in the chart.
Trade wisely best of luck buddies.
Ps; Support with like and comments for better analysis thanks for supporting.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.