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#XAUUSD/GOLD breaks out, is it a long-term buying opportunity?After breaking through the resistance zone of 2430-2433, the current gold price is forming a peak around 245x, with the breakout at 2386 giving gold an upward momentum again. The market is very difficult to trade, and the trading trend for the Europe - US session is BUY. Key price areas to watch are 2428-2432 and 2390-2400. If the price fills this liquidity area, it will be an opportunity for us to target the peak zone of 2480-2484. Recommended orders: Plan 1: BUY XAUUSD zone 2429 - 2432 SL 2426 TP 2435 - 2450 - 2373. Plan 2: BUY XAUUSD zone 2390 - 2393 SL 2387 TP 2400 - 2430 - 2373. Plan 3: SELL XAUUSD zone 2451-2453 SL 2457 TP 2448 - 2440 - 2432 (small volume).
FX:XAUUSDShort
by wetdyerap
Cash flow will pour into gold and gold prices will reach recor hGold is assessed to benefit in the context of increased risks after the incident of former US President Donald Trump being suspected of shooting during an election campaign in Butler, Pennsylvania on July 13. If Mr. Trump wins the election next November, the USD may weaken, thereby also pushing up gold prices. Macroeconomic data that is no longer bright is the basis for US Federal Reserve Chairman Jerome Powell to recently signal a reversal in monetary policy. Mr. Powell expressed concern about the weakening of the economy and the risk of recession. In a testimony before the US Congress last week, the most powerful man in the world's financial industry said that the US will cut interest rates and not wait until inflation is clearly heading towards the 2% target. The USD has recently declined following signals from the Fed, thereby putting pressure on gold. Gold also increased in price thanks to positive signals from technical analysis. The upward price momentum has been established after precious metals rose quite firmly above the threshold of 2,400 USD/ounce over the past several days. Upward momentum is being confirmed and gold is forecast to set a new all-time high, possibly as soon as this week.
TVC:GOLD
by NicoTradingMaster
Gold prices are cautious before signals from the world's No. 1 eThe election in France and americaA employment record also are one of the critical using forces to push buyers to pour into treasured metals. Many analysts trust that the gold marketplace is in a relaxed duration and might range once more as a minimum till the stop of this week. The growth in shopping for via way of means of buyers at the start of the consultation is the expectancy that the fee will growth after the treasured steel is in a low fee range. The modern-day economic coverage stance of americaA Federal Reserve (Fed) should cause any other sell-off withinside the marketplace. As lengthy because the Fed loosens economic coverage, it'll positioned strain at the USD and push up gold prices.
TVC:GOLDShort
by TrategySherpa
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