XAUUSD: Will breakout 1900
Updated
The Israeli-Palestinian conflict has worried investors, creating support for safe-haven gold. Gold is used as a safe investment during times of political and financial instability, but higher interest rates increase the opportunity cost of holding unprofitable gold. After a short period of weakness, inflationary pressures sparked a rise in US Treasury yields, paving the way for a strong recovery in the US dollar overall. Gold reacted adversely, erasing previous gains.
However, the main trend is still up because war news is still a good signal for choosing Gold as a refuge. It is natural for Gold to break the 1900 threshold and go up
However, the main trend is still up because war news is still a good signal for choosing Gold as a refuge. It is natural for Gold to break the 1900 threshold and go up
Comment
💡 The trading strategy now is to Buy and take profits when GOLD touches 1910Comment
What do you think of my prediction?Comment
💡 Yesterday gold broke 1900 and returned to 1930. This was as expected.Comment
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.