Gold’s strong bullish momentum has extended from the London session into the US session, invalidating our previous expectations. Our outlook has now shifted decisively to the upside for the yellow metal.
We are targeting an initial move to $3,500, with the potential for a new all-time high beyond that level.
However, we anticipate a short-term pullback to retest the falling trendline — now acting as support — before resuming its upward trajectory.
From the Trading Desk of InvestmentLive
We are targeting an initial move to $3,500, with the potential for a new all-time high beyond that level.
However, we anticipate a short-term pullback to retest the falling trendline — now acting as support — before resuming its upward trajectory.
From the Trading Desk of InvestmentLive
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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.