💡XAUUSD: Forecast for the beginning of the week
Updated
❤️ Hello everyone, hope you have a nice weekend
💡 As you know, this Friday, gold had a strong breakthrough when it was about to hit the 2,000 mark. That is completely reasonable in the context of the Middle East region being tense and investors flocked to gold to preserve their assets
💡 However, in a recent note, Fitch Solutions predicted that gold prices will average 1,950 USD/ounce this year. In addition to geopolitical uncertainty, gold is also supported “as fears of another Fed rate hike in 2023 ease.”
📌Trading strategy for tomorrow:
↗️If Gold turns around when it touches the 1974 - 1975 zone, we will buy in 1979 - 1980
↘️ If Gold breaks the 1974 - 1975 zone, we will sell at 1972 - 1970
‼️ Don't forget to setup Stop Loss to be safe ‼️
💡 As you know, this Friday, gold had a strong breakthrough when it was about to hit the 2,000 mark. That is completely reasonable in the context of the Middle East region being tense and investors flocked to gold to preserve their assets
💡 However, in a recent note, Fitch Solutions predicted that gold prices will average 1,950 USD/ounce this year. In addition to geopolitical uncertainty, gold is also supported “as fears of another Fed rate hike in 2023 ease.”
📌Trading strategy for tomorrow:
↗️If Gold turns around when it touches the 1974 - 1975 zone, we will buy in 1979 - 1980
↘️ If Gold breaks the 1974 - 1975 zone, we will sell at 1972 - 1970
‼️ Don't forget to setup Stop Loss to be safe ‼️
Note
💡Phillip Streible, chief market strategist at Blue Line Futures in Chicago, said that if the conflict in the Middle East escalates, gold prices will surpass $2,000 per ounce.Note
✔️CLOSE SELL AT 1964 . +80PIPS . GreattttttNote
💡Gold reacted slightly to the resistance zone, which is a round number around 2000. However, we see that the price action is still quite lackluster, the price has not shown that selling pressure appears in this area, just a few slowdowns around there.Note
💡 Investors are awaiting a number of events this week, including the European Central Bank meeting and the release of US GDP data as well as the Federal Reserve's preferred inflation measure. America.Note
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