The economy is showing signs of improvement, with the USD still on the rise. However, tensions of war are on the increase. If the conflict intensifies, Gold is likely to see a surge in demand due to its traditional role as a safe haven for investors. This could lead to price conflicts and a time of heightened market volatility. Experts predict a decline in gold prices before the economy stabilizes, but the ongoing war escalation could see it continue to rise in the long term.
It is advisable to refrain from trading when there is no promising entry point available. Instead, consider purchasing at the support level of 1965 and selling at the resistance level of 1992, which are both robust areas. Technical analysis confirms the existence of these support ranges and highlights favorable entry points for traders.
Not the most common proposition based on the current market conditions. Generally, it is possible assuming all arguments work out, so thumbs up just for this!
tanlocquoc
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I think this is a good strategy
tanlocquoc
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I think the market will fall slightly and rise again
tanlocquoc
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Gold will return to the 1965 price zone today
TradingBrokersView
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Very valuable analysis, thank you for your contribution.