Gold Price Forecast and Impact of Confluence Resistance on Market Sentiment

Monday, 26 February 2024, 23:50

In this analysis, we delve into the current confluence resistance affecting gold prices and how upcoming US PCE data could steer market direction. The evaluation covers potential scenarios stemming from the U.S. core PCE data release later in the week, providing insights for investors and traders. Despite bullish sentiments, confluence resistance plays a critical role in shaping gold price movements.
https://store.livarava.com/c3557858-d50f-11ee-b892-5254a2021b2b.jpe
Gold Price Forecast and Impact of Confluence Resistance on Market Sentiment

Gold Price Forecast: Confluence Resistance Impedes Bulls, Eyes on US PCE Data

This article evaluates the short-term outlook for gold prices, examining various scenarios that may unfold later in the week following the release of U.S. core PCE data.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


Related posts


Newsletter

Get the most reliable and up-to-date financial news with our curated selections. Subscribe to our newsletter for convenient access and enhance your analytical work effortlessly.

Subscribe