GOLD analysis and trade ideas 08 august
Key breakout level at 2415-2420 for potential upside move
Break below 2380 may lead to further decline to 2360-65 or 2350 support zone.
If breaking below 2350, possible further decline to 2322 on smaller time frames.
Support at 2350 for high-risk high-reward buy entries.
Short-term buy ideas above 2395 97 level, deeper pullback sell zones at 2405 and 2416
Looking for a sell if breaks below 2381-2380 support level.
Recession scare , Ongoing tension in the Middle East and investors speculations on September rate cut influencing the weakening US dollar and strengthening gold
Break below 2380 may lead to further decline to 2360-65 or 2350 support zone.
If breaking below 2350, possible further decline to 2322 on smaller time frames.
Support at 2350 for high-risk high-reward buy entries.
Short-term buy ideas above 2395 97 level, deeper pullback sell zones at 2405 and 2416
Looking for a sell if breaks below 2381-2380 support level.
Recession scare , Ongoing tension in the Middle East and investors speculations on September rate cut influencing the weakening US dollar and strengthening gold
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