GOLD - BULLISH TREND
Summary: Gold prices declined as much as 2% on Monday until below 2668 as investors booked profits following a five-session rally to a three-week high. While the announcement of fund manager Scott Bessent as the new U.S. Treasury Secretary tempered safe-haven buying, we expect the price will rise again to above zones 2701 and 2714.
Generally, the direction is uptrend
Uptrend Side: still the price has a strong bullish trend to be uptrend again to touch and cross the zones between 2701 and 2714.
Downtrend Side: We need to close the 1D candle below 2668 to fall more until 2642.
Tendency Keys: 2701 and 2714.
Generally, the direction is uptrend
Uptrend Side: still the price has a strong bullish trend to be uptrend again to touch and cross the zones between 2701 and 2714.
Downtrend Side: We need to close the 1D candle below 2668 to fall more until 2642.
Tendency Keys: 2701 and 2714.
Trade active
Gold prices declined by approximately 3% following President-elect Donald Trump's selection of Scott Bessent as Treasury Secretary. Additionally, reports of Israel and Hezbollah nearing a ceasefire agreement further diminished the appeal of the safe-haven metal.
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With Clear entry point and target line with stopout zone
~900 pips per week —— Accuracy more than 88%
with best learning
Be Stronger With us
THANKS for your support
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.
about 4 Analysis per day.
With Clear entry point and target line with stopout zone
~900 pips per week —— Accuracy more than 88%
with best learning
Be Stronger With us
THANKS for your support
With Clear entry point and target line with stopout zone
~900 pips per week —— Accuracy more than 88%
with best learning
Be Stronger With us
THANKS for your support
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.