Gold broke through 3250 and then rose rapidly. The main reason was the influence of geopolitics. Israel was preparing to launch a strike on Iran’s nuclear facilities, and the relationship between the two sides was tense. At the same time, the conflict between Russia and Ukraine continued to be deadlocked. The EU and the UK also announced a new round of sanctions against Russia. These have led to a surge in risk aversion in the market. Another point is that the expectation of a rate cut by the Federal Reserve has further increased. The above fundamentals have led to a further increase in gold prices!
Investment strategy: Gold 3290 long, stop loss 3280, target 3320
Investment strategy: Gold 3290 long, stop loss 3280, target 3320
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t.me/+suYx8Et0SxhmOGZk
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More trading signals and trading information：
t.me/+suYx8Et0SxhmOGZk
t.me/+suYx8Et0SxhmOGZk
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.