EricNguru

EricNguru

The recent authorization by President Joe Biden allowing Ukraine to use U.S.-supplied long-range missiles to strike targets within Russia has introduced new geopolitical tensions. Such developments often lead investors to seek safe-haven assets like gold, potentially influencing its price. As of November 18, 2024, gold prices have risen by over 1%, with spot gold...

EricNguru

After the NFP last week the bullion was bearish testing the demand zone level again. This week I anticipate a strong bullish run but keep your eyes peeled because we have two major news items on Wednesday.

EricNguru

small retracement and then back to the bulls. World economies are seeking safe havens in precious metals such gold and silver and dumping the greenback as a reserve instrument. This creates great demand for the bullion and we are likely to see some outrageous Highs.

EricNguru

We are looking at a bullish trend in m30,H1, and H4 timeframes. Drawing insight from a drop in the DXY, gold will likely gain and we'll likely see price go to the 2000s again. Ny key pivot point is at 1992 as illustrated. All the best!

EricNguru

Short EURUSD. Possible positive economic data today with the CPI(Fundamental Perspective). New York session opens with the bears really charged. A possible rally targeting support zone at about 1.06710.