GOLD → Breakout 2881. The bulls are ready...

breaks the downtrend resistance and consolidates above the key resistance 2881. A pre-breakdown consolidation is being formed against 2894, foreshadowing possible growth on the background of the dollar correction

Trump confirmed new tariffs on Canada, Mexico and China, triggering retaliatory measures, adding to US recession risks. Falling PMI and Atlanta Fed GDP led to a sell-off on Wall Street and demand for gold as a protective asset. Geopolitical tensions persist as Trump suspended military aid to Ukraine, sparking European discontent. Markets await US employment data, which will influence Fed policy and the dollar exchange rate
The price breaks through the resistance 2881, which divided the market into 2 planes.
A pre-breakdown consolidation is being formed relative to 2895. The breakdown of resistance and price consolidation above 2895 may strengthen growth

Resistance levels: 2895, 2921, 2929
Support levels: 2885, 2876, 2859

The main task of bulls is to keep the defense above 2885 - 2895. Against the background of growing economic risks, falling dollar, gold has all chances to continue its growth after the change of local trend.
Targets in this case are 2915, 2921, 2929

Regards R. Linda!

Trade closed: target reached

RLinda

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