No short-term technical analysis is correct for gold
Updated
Dear Ladies and Gentlemen
👻Gold has maintained its upward trajectory and exceeded the $1,910 level on Friday, reaching its highest point in two weeks. As the weekend approaches, investors are turning to gold as a safe haven, which has resulted in a nearly 2% drop in the benchmark 10-year US Treasury bond yield. This movement is contributing to the continued rise of the XAU/USD.
👻All short-term technical analysis is broken. Resistance zones have become useless with the current situation of world gold reserves.
👻Expect the 1927 resistance zone to be unable to withstand the fluctuations of the world political situation sooner or later.
👻Gold has maintained its upward trajectory and exceeded the $1,910 level on Friday, reaching its highest point in two weeks. As the weekend approaches, investors are turning to gold as a safe haven, which has resulted in a nearly 2% drop in the benchmark 10-year US Treasury bond yield. This movement is contributing to the continued rise of the XAU/USD.
👻All short-term technical analysis is broken. Resistance zones have become useless with the current situation of world gold reserves.
👻Expect the 1927 resistance zone to be unable to withstand the fluctuations of the world political situation sooner or later.
Trade closed: target reached
My 2 BUY strategies hit TP + 400 pipsTrade active
Wishing you ladies and gentlemen a happy weekendNote
Looking forward to the wonderful week that is coming our way. I will save you all
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.