The $1900 level and surrounding area are expected to provide significant support. Although Tuesday's candlestick exhibited notable size, it does not necessarily indicate a reversal in the trend. If the market shows signs of renewed bullish pressure, attention may shift toward the 50-Day EMA as a potential resistance level. The further upward movement would face the formidable $2000 level, often serving as a psychological price magnet., it would have a substantial impact, losing the 61.
The gold market faced selling pressure on Tuesday, driven by a stronger US dollar. However, significant support levels, including the $1900 zone, have the potential to stabilize prices. Violating the previous week's hammer pattern raises caution but does not yet indicate a definitive trend reversal. Key monitoring levels include the 200-Day EMA and the 61.8% Fibonacci level, which could significantly impact the market's overall uptrend.
Central bank meetings and peripheral noise from the Bank of England and the Swiss National Bank may contribute to short-term volatility. Traders should closely follow market developments and the potential for a recovery, particularly if the $2000 level is surpassed.
المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين
Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.
Stock Market Outlook: Bull market faces bearish cocktail, Morgan Stanley warnsThe stock rally is facing a bearish cocktail as falling inflation eats into profits and the Fed saps $1.2 trillion in liquidity out of the market, Morgan Stanley says
مصدر: BusinessInsider - 🏆 729. / 51 اقرأ أكثر »
مصدر: Daily_Forex - 🏆 567. / 51 اقرأ أكثر »
مصدر: Daily_Forex - 🏆 567. / 51 اقرأ أكثر »