🚨 Gold Trading Alert 🚨
Gold is in a unique spot right now! 💰 After the massive drop in the US dollar, Gold is flirting with the $2400 level, building just slightly below it. Usually, Gold competes with the US dollar and has a negative correlation with it.
Traders are expecting the Fed to drop interest rates by 2 basis points in September, which is a bullish signal 📈. Add the escalating tensions in the Middle East, and you’ve got a strong buy signal.
This trade location is unique with low risk and the potential for extended rewards. Price targets are up to $2500 and above. 🚀
Are you in? 🤔 #Gold #Trading #Investing #MarketAlert
Gold is in a unique spot right now! 💰 After the massive drop in the US dollar, Gold is flirting with the $2400 level, building just slightly below it. Usually, Gold competes with the US dollar and has a negative correlation with it.
Traders are expecting the Fed to drop interest rates by 2 basis points in September, which is a bullish signal 📈. Add the escalating tensions in the Middle East, and you’ve got a strong buy signal.
This trade location is unique with low risk and the potential for extended rewards. Price targets are up to $2500 and above. 🚀
Are you in? 🤔 #Gold #Trading #Investing #MarketAlert
Note
the idea is closed at 2470
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.
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.