Gold Spot / U.S. DollarUpdated Gold in a complex scenario! What do you need to know?
Gold in a complex scenario! What do you need to know at this moment?
In our previous analysis, gold adhered to the reversal zone, and we identified a substantial Bearish Harmonic Pattern, signaling a potential further decline in price. However, with the impact of Trump's new tariffs and the Ukraine-Russia deal causing fluctuations in the market, we must be careful
Bearish Scenario:
Currently, the price is below a significant zone. At the market's opening, gold may rise to 2871 - 2880. Should the price remain below this area, gold is likely to decline further as shown on the chart (Red Scenario)
Bullish Scenario:
Conversely, if the price makes a decisive move above the red zone at 2880, we must be vigilant as bullish momentum could increase substantially, driving gold back up toward the previous high of the old structure, as shown on the chart (BlueScenario)
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
In our previous analysis, gold adhered to the reversal zone, and we identified a substantial Bearish Harmonic Pattern, signaling a potential further decline in price. However, with the impact of Trump's new tariffs and the Ukraine-Russia deal causing fluctuations in the market, we must be careful
Bearish Scenario:
Currently, the price is below a significant zone. At the market's opening, gold may rise to 2871 - 2880. Should the price remain below this area, gold is likely to decline further as shown on the chart (Red Scenario)
Bullish Scenario:
Conversely, if the price makes a decisive move above the red zone at 2880, we must be vigilant as bullish momentum could increase substantially, driving gold back up toward the previous high of the old structure, as shown on the chart (BlueScenario)
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Trade active
GOLD Hesitates Amid Potential Ukraine Peace Plan and New Tariffs
Today, GOLD is hesitating to move down further due to the potential Ukraine peace plan. Currently, there is a slight weakness surrounding the USD, which is a strong reason why GOLD is not declining. However, this is not enough to push GOLD through the red zone.
Focus of the Week: Ukraine-Russia Peace Talks and Trump's Tariffs:
The focus this week is on the Ukraine-Russia peace talks and tariffs related to Mexico, Canada, and China. President Trump announced that new tariffs will be active on March 4th, with 25% tariffs for Mexico and Canada, and 10% for China
China's Countermeasures:
In response, China is preparing countermeasures against the new U.S. tariffs set to take effect on Tuesday. China is expected to respond with a mix of additional tariffs and regulatory restrictions on U.S. goods, particularly in the agriculture and food sectors
Impact on GOLD:
If these actions are taken by China, they could push GOLD above the red zone by creating more price instability related to the unknown consequences of the trade war.
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✅MY Free Signals
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.