यह भी देखें
11.02.2025 05:21 PM
Early in the American session, gold is trading around 2,896 and above 5/8 Murray bouncing after having reached the low around 2,880 which coincides with the 21 SMA.
During the European session, gold reached a new high around 2,942. Since then, we have observed a strong technical correction of almost $50 from its high.
This correction of gold represents a profit-taking by the bulls and the bullish trend will likely resume provided that gold consolidates above the psychological level of $2,900.
On the other hand, if gold reaches the resistance of 2,932 in the next few hours, it could be seen as an opportunity to resume sell positions, since technically, we see an exhaustion of the bullish force. Therefore, gold could decline to levels of $2,700 in the medium term.
The Eagle indicator reached extremely overbought levels. So, we believe that below $2,940, any technical bounce will be seen as an opportunity to sell with a target at 4/8 Murray located at 2,812.
You have already liked this post today
*यहां पर लिखा गया बाजार विश्लेषण आपकी जागरूकता बढ़ाने के लिए किया है, लेकिन व्यापार करने के लिए निर्देश देने के लिए नहीं |
Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.
If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.
Why does your IP address show your location as the USA?
Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaTrade anyway.
We are sorry for any inconvenience caused by this message.
