REDATOR Ben Graham Postado Novembro 26 REDATOR Denunciar Share Postado Novembro 26 The prospect of peace regarding the Ukraine situation could significantly reduce geopolitical tensions worldwide. On this wave, the price of gold — which traditionally functions as a safe-haven asset — may resume falling. This decline may occur even despite the Federal Reserve's monetary policy decision, which is expected to pressure the US dollar through a 0.25% interest rate cut.From a technical perspective, gold prices are still in a short-term uptrend and remain above the support level of 2150.50. A downward breakout of this level could lead to further declines.Technical picture and trading idea:The price is above the midline of the Bollinger Bands and above the SMA 5 and SMA 14, which confirm a downward tendency. The RSI is above the 50% level and moving horizontally. The Stochastic indicator is still rising.A decline and consolidation of gold below the level of 2150.50 may trigger a drop toward 2045.00. A potential entry point for selling could be the level of 2136.00.The material has been provided by InstaForex Company - www.instaforex.com Visitante_aa1b8630 reagiu a isto 1 1 Perfeito! Obrigado! Amei! Haha Confuso :/ Vixi! Wow! Gostei! × 💬 Gostou do conteúdo? Sua avaliação é muito importante! Gostei! Perfeito! Obrigado! Amei! Haha Confuso :/ Vixi! Wow! Citar Link para o comentário Compartilhar em outros sites More sharing options...
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