Gold (XAU/USD) continues its uptrend, reaching the $3,028 zone. The current momentum looks strong, but a pullback to the support area is possible before the next move up.
๐ Analysis:
โข โ Global trend: Bullish
โข ๐ Expected pullback: To the $3,030 โ $3,033 range
โข ๐ Target for buys: Potential profit zone $3,050 โ $3,065
๐ Trading Plan:
๐น Buy at the retest of the $3,030 โ $3,033 support zone
๐น Stop Loss: Below $3,005
๐น Take Profit: $3,050 โ $3,065
๐ข Fundamental Factors:
โข ๐ Fed decisions and economic data may influence volatility
โข ๐ฆ Demand for gold remains high due to market uncertainty
๐ Analysis:
โข โ Global trend: Bullish
โข ๐ Expected pullback: To the $3,030 โ $3,033 range
โข ๐ Target for buys: Potential profit zone $3,050 โ $3,065
๐ Trading Plan:
๐น Buy at the retest of the $3,030 โ $3,033 support zone
๐น Stop Loss: Below $3,005
๐น Take Profit: $3,050 โ $3,065
๐ข Fundamental Factors:
โข ๐ Fed decisions and economic data may influence volatility
โข ๐ฆ Demand for gold remains high due to market uncertainty
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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.