Gold direction predi...from henry mackline

03 Jan 2024, 15:57 · Views 416

Gold direction prediction for January 3: Gold opened near 2058. As of press time, the highest price rose to around 2062 and the lowest price was around 2058. Pay attention to the resistance of 2065-2070, if it cannot break through, it will test 2060-2055-2045 #gold #XAUUSD

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henry mackline

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#Gold (XAUUSD, $2,025) is battling with 4-month rising resistance. Previous attempt resulted in a false move and this time gold has to overcome $2,055 level. A move after false one is almost always a legitimate.

henry mackline

#Gold's (XAUUSD, $2,023) next move targets $2,450 - 2,500 area by connecting 1971 and 2011 peaks...

henry mackline

#Gold (XAUUSD, $2,035) literally does not have any significant resistance at the moment. Just needs to hold recent gains. After a nice comeback, solid support comes at $2,000 - 2,025 level. I believe, gold is headed to $2,100 level, possibly next week.. #mytradingstory# #forextrading# #tradingskill# #ChinaPMIRecover#

henry mackline

Fed would have continued jaw boning indirectly Precious Metals and propping up the dollar if not the troubled situation with the US Treasury Market. In the absence of a QE, Fed desperately needs investors to believe that rates cuts are coming so they create artificial demand for the US Treasuries, which lost around 50% since 2020…

henry mackline

#Gold and #silver were under pressure once the #Federal Reserve started jawboning with less likely accommodative policy last week. The Fed does not have room for further rate hikes or maintain them at the present level for too long on $34 trillion national debt, which keeps growing.

henry mackline