Gold Price Forecast Looking To Punch Through Chart Resistance Gold prices have put in a massive breakout this week to push back above the $2k level, and bulls didn’t stop there as that breakout has driven all the way into $2,050. this isn’t the first time that xau usd has tested that psychological level and $2,050 even carries some weight as this has been part of a resistance zone that’s been in. Gold next move (weekly forecast)(16 20 sept 2024) go through the analysis carefully, and do trade accordingly. immediate resistance 2585 2587 immediate support 2570 73 decent support 2559 2562 strong support area 2530 35 potential resistance 2595 2597 anup 'bias for the week (16 20 sept 2024) current price 2579 "if price stays below 2600,.
Gold Price Forecast Xau Usd To Face Resistance 1 808 Forex Crunch Acceptance above the $1,865 level could trigger a fresh upswing toward the key resistance at $1,880, which is the intersection of the beairsh 100 sma, september 28 and 29 highs. failure to defend. The ecb cut rates by .25% thursday, trimming growth expectations for 2024 and beyond. gold futures exploded through resistance near $2,560, confirming a breakout with a medium term price target near $2,800. expect increased volatility around next week's fed announcement. a weekly finish above $2,650. Gold (xau) daily forecast: fed’s 50bps rate cut pushes gold toward $2,570 resistance thu, 19 sep 2024 06:56:15 gmt natural gas and oil forecast: sluggish demand from china weighs on market. This price held resistance into last week’s trade until, finally, bulls were able to punch through. that breakout has continued to run, setting a fresh five month high at the 1877 level.
Gold Price Forecast Looking To Punch Through Chart Resistance Gold (xau) daily forecast: fed’s 50bps rate cut pushes gold toward $2,570 resistance thu, 19 sep 2024 06:56:15 gmt natural gas and oil forecast: sluggish demand from china weighs on market. This price held resistance into last week’s trade until, finally, bulls were able to punch through. that breakout has continued to run, setting a fresh five month high at the 1877 level. Less than two months later spot gold had set a fresh all time high 18.56% away from the october low, taken from the morning of that nfp report. but matters aren’t as clear cut, as price was at a major zone of resistance that wasn’t going to give way that easily. gold daily price chart (xau usd) chart prepared by james stanley, gold on. Gold prices are expected to climb to $2,500 oz by the end of 2024, according to j.p. morgan research estimates. this prediction assumes a fed cutting cycle commencing in november 2024, pushing gold prices to new nominal highs. “the direction of travel is still higher over the coming quarters, forecasting an average price of $2,500 oz in the.
Gold Price Forecast Looking To Punch Through Chart Resistance Less than two months later spot gold had set a fresh all time high 18.56% away from the october low, taken from the morning of that nfp report. but matters aren’t as clear cut, as price was at a major zone of resistance that wasn’t going to give way that easily. gold daily price chart (xau usd) chart prepared by james stanley, gold on. Gold prices are expected to climb to $2,500 oz by the end of 2024, according to j.p. morgan research estimates. this prediction assumes a fed cutting cycle commencing in november 2024, pushing gold prices to new nominal highs. “the direction of travel is still higher over the coming quarters, forecasting an average price of $2,500 oz in the.
Gold Price Latest Punching Through Resistance As The Bullish Trend
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