XAUUSD updates high to $3,500 amid Trump's attacks on the Fed, we are still in the aggressive trend phase. North train makes a small stop which may give us a chance to trade...
Investors are fleeing to safe-haven assets amid an escalating US-China trade war and Trump's verbal attacks on Fed chief Powell.
Trump is blaming the Fed for the slowing economy and demanding immediate rate cuts, which is undermining confidence in the dollar and boosting demand for gold.
3500 is a psychologically important target and once it is reached, traders have moved to profit-taking, which could lead to a small correction...
Resistance levels: 3475, 3500
Support levels: 3441, 3408, 3385
As part of the correction, the price may test 3440, or 3410. The trend is aggressively bullish and sales should not be considered. The ideal scenario would be liquidity capture relative to 3410 and rebound or continuation of growth, as the fundamental background is on the side of gold....
Regards R. Linda!
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🌹TRADING is a CASINO💔!?
NO‼️
You❗️CAN and ❗️SHOULD make money in trading!
Join me, I'll guide you to PROFITABLE TRADING💵!
🟢Free Telegram Channel: t.me/RLindaTrade
🧿 Web: rlinda.com
🔴Contact: t.me/RLindaSignals
NO‼️
You❗️CAN and ❗️SHOULD make money in trading!
Join me, I'll guide you to PROFITABLE TRADING💵!
🟢Free Telegram Channel: t.me/RLindaTrade
🧿 Web: rlinda.com
🔴Contact: t.me/RLindaSignals
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.