🥇 GOLD - Consolidation before growth. Next ATH
Updated
Gold is holding fairly steady in the flat 2080 - 2090 after a strong rise that started back at the end of last week. Interest in the metal is quite high, which has recently increased investment in the metal as a safe-haven asset. The bullish trend may continue after the false breakdown of the nearest support, as well as after the breakdown of 2090.
Reasons for further growth:
1) Strong trend. The market is growing on accumulated liquidity
2) Gold interest on the background of weak dollar is growing
3) There is no fall from 2088.
4) Consolidation is formed, in the format of a "flag". Growth may continue
Reasons for further growth:
1) Strong trend. The market is growing on accumulated liquidity
2) Gold interest on the background of weak dollar is growing
3) There is no fall from 2088.
4) Consolidation is formed, in the format of a "flag". Growth may continue
Trade closed: target reached
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