Gold is gaining upward momentum due to increasing market uncertainty surrounding former President Trump's next move. The geopolitical tension and uncertainty are driving safe-haven demand, supporting gold prices.
Today, gold found a strong support zone around the $3285 level. Although price action remained hesitant during the early session, the opening of the U.S. market injected fresh volatility, leading to bullish pressure.
Short-Term Bullish Targets: 3322 / 3340 / 3355With the current market turbulence and uncertainty stemming from Trump's political developments, long positions on gold remain favourable.
Today, gold found a strong support zone around the $3285 level. Although price action remained hesitant during the early session, the opening of the U.S. market injected fresh volatility, leading to bullish pressure.
Short-Term Bullish Targets: 3322 / 3340 / 3355With the current market turbulence and uncertainty stemming from Trump's political developments, long positions on gold remain favourable.
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Trade closed: target reached
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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.