Gold new high.?
(XAU/USD) continues to gain traction for the second consecutive day, reaching its highest level since November 6, around $2,726 during Tuesday's Asian session. Renewed trade war concerns, sparked by US President Donald Trump's suggestion of imposing tariffs on Canada and Mexico, have increased demand for the safe-haven precious metal
Additionally, a drop in US Treasury bond yields-driven by expectations that the Federal Reserve (Fed) will implement two rate cuts this year amid signs of easing inflation-further supports the appeal of non yeildng gold.
Gold price continues to increase in large frame, break 2725 and buying power is strong.
GOLD BUY AREA 2704-1
TARGET 2710
TARGET 2715
TARGET 2725
STOPLOSS 2697
GOLD SELLING AREA 2740-43
TARGET 2735
TARGET 2730
TARGET 2720
STOPLOSS 2748..
HOPE THIS CHART IS HELPFULL FOR YOU, SHARE YOUR OPINION IN COMMENT ALSO🪽
Additionally, a drop in US Treasury bond yields-driven by expectations that the Federal Reserve (Fed) will implement two rate cuts this year amid signs of easing inflation-further supports the appeal of non yeildng gold.
Gold price continues to increase in large frame, break 2725 and buying power is strong.
GOLD BUY AREA 2704-1
TARGET 2710
TARGET 2715
TARGET 2725
STOPLOSS 2697
GOLD SELLING AREA 2740-43
TARGET 2735
TARGET 2730
TARGET 2720
STOPLOSS 2748..
HOPE THIS CHART IS HELPFULL FOR YOU, SHARE YOUR OPINION IN COMMENT ALSO🪽
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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.