🚨GOLD SELL CHALLENGE IS ON🚨
Technical Analysis
Gold sustained trading beyond the 200-DMA level of $1,810, as well as a clear upside break of a three-month-old descending trend line. Despite the failure to cross a seven-week-old horizontal hurdle, around $1,832-34, bullish MACD and upward sloping Momentum line back the recovery moves from the yearly low. It’s worth noting that the $1,800 add to the downside filters whereas June’s low around $1,750 becomes the key support past $1,795
Fundamental Analysis
The bulls take a breather in the aftermath of the NFP shocker. Investors cheer an extended period of monetary support amid the Chinese economic slowdown and faltering US labor market recovery. The USD attempts to find its feet, exerting downward pressure on the yellow metal. This week comprises three key central bank meetings, namely the ECB, RBA and BOC, which in turn keeps the traders on their toes.
Potential Profits if target reached👇
✅0.1 Lot = $250 Profits
✅1 Lot = $2,500 Profits
✅5 Lots = $12,500
Updates
Status :
Pips Gained : + 180