Gold fell from record highs reached in early April
Gold prices recorded a slight decline after recent losses as traders continued to price in higher longer-term US interest rates ahead of the US Federal Reserve (FED) meeting over the weekend .
The yellow metal fell from record highs reached in early April as safe-haven demand weakened in the absence of any escalation between Iran and Israel. This makes gold vulnerable to outflows in the face of restrictive US monetary policy.
Gold prices could test $2,370/ounce in the coming days. The data that impacts gold's direction this week will be the jobs report. A disappointing jobs report could send the dollar and yields lower, while lifting gold prices.
🌐GOLD PLAN April 30
Resistance: 2345 -2355 - 2360 - 2365 -
Support: 2328 - 2313 - 2305 - 2295 - 2288
At H1, the price is moving in a narrower range. Wait for the sign of Breakout from the wedge and Retest to enter the order.
Break point around: 2328 - 2344
🔴SELL price range 2358 - 2360 stop 2364
🟢BUY price range 2306 - 2304 stop 2300
Scalping strategies will be applied when the resistance - support areas above have entry signals.
Note: Full TP and SL to be safe and win the market‼️
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