Hello traders, I hope you are great. our latest analysis on Gold hit all its targets and we gained a profit of around 800 pips; but what's next ? Will the price continue its downward correction or not ? Let's clarify things a bit to make decision making easier for ourselves:
With the delayed possibility of a ceasefire in the war between Ukraine and Russia, as well as existing tensions between the USA and other countries, the likelihood of a continued correction in gold has diminished at least in the short term.
We should also keep in mind that there is a possibility of renewed conflict between Hamas and Israel in the upcoming Days.
If we have consider these factors together, it seems to me there is at least a chance of another upward movement in Gold. Targets have determined by Blue dashed lines.
And finally Tell me What are your thoughts about GOLD ? UP or DOWN ? comment your opinion below this post.
With the delayed possibility of a ceasefire in the war between Ukraine and Russia, as well as existing tensions between the USA and other countries, the likelihood of a continued correction in gold has diminished at least in the short term.
We should also keep in mind that there is a possibility of renewed conflict between Hamas and Israel in the upcoming Days.
If we have consider these factors together, it seems to me there is at least a chance of another upward movement in Gold. Targets have determined by Blue dashed lines.
And finally Tell me What are your thoughts about GOLD ? UP or DOWN ? comment your opinion below this post.
Trade active
Trade closed: target reached
All Targets Reached 🎯.more than 600 pips gained.
CHEERS🍻.
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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.
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.