🥇 GOLD → Capital inflows will strengthen the price
Gold consolidates buyers due to global crisis linked to another armed conflict. The metal is increasingly attracting capital as a hedging asset in times of crisis.
I think the outlook for a few weeks is predetermined. We should expect a retest of 2150 in the near future.
Reasons for further increases:
1) Armed conflict on the world's main trade artery near Yemen will only drive gold prices higher
2) Upward trend of XAU
3) Consolidation is forming near resistance 2058 - this increases the chances of a breakout
4) A change of mood is evident in the market, the bulls are gaining strength
I think the outlook for a few weeks is predetermined. We should expect a retest of 2150 in the near future.
Reasons for further increases:
1) Armed conflict on the world's main trade artery near Yemen will only drive gold prices higher
2) Upward trend of XAU
3) Consolidation is forming near resistance 2058 - this increases the chances of a breakout
4) A change of mood is evident in the market, the bulls are gaining strength
All about GOLD🥇
Trading Tips💡
Secrets of🔑
Analysis📊
Forecasts🔔
FREE TELEGRAM:
🌹 Telegram channel: t.me/Go1dTech
😍 My contact: t.me/GoldTech
Trading Tips💡
Secrets of🔑
Analysis📊
Forecasts🔔
FREE TELEGRAM:
🌹 Telegram channel: t.me/Go1dTech
😍 My contact: t.me/GoldTech
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.