⭐️Fundamental Analysis
The ceasefire between Israel and Hamas collapsed as Israel attacked targets across Gaza, killing at least 100 people. Tensions escalated further with unconfirmed reports that the US sank an Iranian intelligence-gathering vessel.
These developments have pushed investors to seek gold as a safe-haven asset, especially amid geopolitical risks and global economic uncertainty due to the US-China trade war.
In addition, US retail sales data for February raised concerns about an economic recession, supporting gold prices but putting pressure on the USD. However, the greenback recovered on Tuesday ahead of the Fed's policy meeting on Wednesday.
⭐️Technical Analysis
Gold is near its all-time high and there is no reasonable technical analysis method to trade it. We still favor retracements and buy up with the trend. 3020 and 3040 are two psychological zones the market is waiting for. nice retracements for BUY signals are waiting around 2980 - 2960 - 2945
The ceasefire between Israel and Hamas collapsed as Israel attacked targets across Gaza, killing at least 100 people. Tensions escalated further with unconfirmed reports that the US sank an Iranian intelligence-gathering vessel.
These developments have pushed investors to seek gold as a safe-haven asset, especially amid geopolitical risks and global economic uncertainty due to the US-China trade war.
In addition, US retail sales data for February raised concerns about an economic recession, supporting gold prices but putting pressure on the USD. However, the greenback recovered on Tuesday ahead of the Fed's policy meeting on Wednesday.
⭐️Technical Analysis
Gold is near its all-time high and there is no reasonable technical analysis method to trade it. We still favor retracements and buy up with the trend. 3020 and 3040 are two psychological zones the market is waiting for. nice retracements for BUY signals are waiting around 2980 - 2960 - 2945
Trade active
Gold hits new all-time highs above $3,020, Trump-Putin call eyedGold price is printing fresh record highs above $3,020 on Tuesday as Middle East tensions intensify. Israel resumed military operations against Hamas in Gaza after the group rejected US proposals for extending ceasefire. All eyes now remain on the Trump-Putin call.
Trade closed: target reached
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JOIN OUR FREE TELEGRAM GROUP t.me/+HARBQ2pBFaI5ZjI1
MESSAGE US FOR VIP SIGNALS🏆 t.me/Leilani8597
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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.