Gold remained above the critical $3,000 level on Wednesday, trading near its record high of $3,044. The metal’s appeal was bolstered by heightened geopolitical tensions in the Middle East and ongoing trade uncertainties, while investors await the Federal Reserve’s policy decision later today.
For today, the price may retest the rejection zone before rebounding upward from this level. If this upward movement occurs, gold is expected to surpass the previous all-time high and continue toward a new peak at $3,060. This scenario will be confirmed if the forthcoming news proves favourable for gold.
Bullish target: 3060
Bearish target: 3026, 2998, 2982
For today, the price may retest the rejection zone before rebounding upward from this level. If this upward movement occurs, gold is expected to surpass the previous all-time high and continue toward a new peak at $3,060. This scenario will be confirmed if the forthcoming news proves favourable for gold.
Bullish target: 3060
Bearish target: 3026, 2998, 2982
Trade closed: target reached
+270 pip profitFull target
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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.
Profit isn’t about luck, it’s about strategy. Get free signals and trade smarter: Telegram Channel [t.me/ArinaMarketAnalysis].
The market is waiting—you can make money, and you should.
The market is waiting—you can make money, and you should.
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.