As long as the tariff process continues, we can witness the continued growth of gold, as you can see in the chart, the target of this movement for this year can be in the range of $3100, the changes in the US government's policies can create a temporary correction before this target is reached.
Two big roads in the path of gold traders While from a technical point of view, gold has reached the ceiling of the monthly channel and can have a good correction, geopolitical news can easily pull this ceiling and smooth the continuation of the upward trend of Anas up to the range of even 3100. What do you think?
From the point of view of price action analysis, the general trend of the Dow Jones index is bullish. But the short-term trend of the market is expected to be downward. Therefore, the price can go down to the range of 43300, the range of 44400 is the local range for Dow Jones, which by rejecting it, it can move up to 4700 with minor corrections.
The scenario that can be considered now is that after a period of consolidation or minor correction, if there is a pullback to the broken level of $20,700 and its confirmation in the short-term time frames, the Nasdaq index could continue to grow and reach target levels in the ranges of 21,500 to Achieve $22,000. In case of correction, to better understand the...
The end of this moving wave can be the ceiling of the ascending channel, which can be in the range of 81000 to 83000. After that, we can see a temporary correction in the chart, even up to channel 40, and then continue to move to hit new ceilings and targets of 91000 and even 121000.
