XAUUSD
Gold rose above $2,500 for the first time ever on Friday, shattering resistance zones. The price topped at $2,508 and closed with a bullish candle, signaling a strong upward trend. This strong momentum suggests that further gains are likely for the upcoming week,
Several catalysts that indicates gold rising up to $3,000:
1) With interest rates on a steady decline, gold is becoming more attractive to investors as a store of value.
2) Alot of Ongoing geopolitical tensions and economic uncertainties further supports gold pumping to Valhalla.
Therefore, any short-term pullbacks present attractive buying opportunities for traders.
Although in my opinion this might not play exactly as planned i still see a major pull back before the pump.
Several catalysts that indicates gold rising up to $3,000:
1) With interest rates on a steady decline, gold is becoming more attractive to investors as a store of value.
2) Alot of Ongoing geopolitical tensions and economic uncertainties further supports gold pumping to Valhalla.
Therefore, any short-term pullbacks present attractive buying opportunities for traders.
Although in my opinion this might not play exactly as planned i still see a major pull back before the pump.
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