Hello everyone! Today i want to share some macro analysis with you!1.TECHNICAL: Gold's decline stopped at $2656.7 as it reached the 38.2% Fibonacci correction level of the rise from $2596.10 to $2697.7, starting a bullish rally and resuming its bullish trajectory on an intraday basis on the way to test $2700 as the first positive target. Supported by positive technical indicators, more expected gains are awaited in the coming sessions, noting that a break below $2,659 will stop the bullish wave and push the price to achieve more bearish corrections, with its next targets reaching $2,647 and then the $2,635 level. Today's trading range is expected to be between the $2,655 support level and the $2,695 resistance level. Trend Forecast: Bullish (Hold Buy trade on trade) Strategy: BUY:2663-2665
Macro Trend
Monetary policy, various types of price indices... Here is everything about the macro economy!
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