🔥Gold is waiting for a new and imaginative peak XAUUSD 🔥🔥
Gold continues to rise on geopolitical factors in the Middle East
and the large amount of buying of the yellow metal by the Chinese.
This is clear on the chart, so reaching the targets on the chart is only a matter of time.
The second thing that helps the rise of gold is the fundamental factors, the data shows once negative and once positive, and even US bonds and dollar futures do not interact with gold, and we can say that the relationship of contracts and bonds at the moment is no longer of interest, and gold does not care, and the results of the data help gold to retreat to strong buying areas until it jumps and rises further.
In my personal opinion, gold will fall until it sees fictional figures such as 2430 and even 2666, and we could approach 3000 dollars in the long term.
My advice to traders:
1- Stay away from long positions for now.
2- Trade on small pips.
3- Pay attention to stop loss and take profit points.
4- Stay away from trading in the Asian season, especially selling.
In the end: This is my personal opinion and analysis, and you are responsible for your capital, God knows, and good luck
and the large amount of buying of the yellow metal by the Chinese.
This is clear on the chart, so reaching the targets on the chart is only a matter of time.
The second thing that helps the rise of gold is the fundamental factors, the data shows once negative and once positive, and even US bonds and dollar futures do not interact with gold, and we can say that the relationship of contracts and bonds at the moment is no longer of interest, and gold does not care, and the results of the data help gold to retreat to strong buying areas until it jumps and rises further.
In my personal opinion, gold will fall until it sees fictional figures such as 2430 and even 2666, and we could approach 3000 dollars in the long term.
My advice to traders:
1- Stay away from long positions for now.
2- Trade on small pips.
3- Pay attention to stop loss and take profit points.
4- Stay away from trading in the Asian season, especially selling.
In the end: This is my personal opinion and analysis, and you are responsible for your capital, God knows, and good luck
Comment:
