Technical and fundamental analysis of gold
(Fighter Break)
From the technical side
After the pressure of the bears in the selling process, which brought the price to $ 1680 twice, the bulls began to breathe a little and returned the price to $ 1745 twice as well, which brought investors into a casual rally for a whole month.
Also, the area between 1680 and 1745 represents a demand area that previously pushed the price to 2000 levels. Will history repeat itself ???
So far, the bearish trend has not been broken. We are still in a bullish correction until the breach of $ 1750, or a return to break the 1680 level to complete the decline.
As for the speculators, it is possible to work on the 1680 and 1745 levels as quick scalp deals
From the main side
News of the military tensions between Russia and Ukraine may come positively for gold, as it is a safe haven in the world, especially after Russia began its military readiness tests.
(Fighter Break)
From the technical side
After the pressure of the bears in the selling process, which brought the price to $ 1680 twice, the bulls began to breathe a little and returned the price to $ 1745 twice as well, which brought investors into a casual rally for a whole month.
Also, the area between 1680 and 1745 represents a demand area that previously pushed the price to 2000 levels. Will history repeat itself ???
So far, the bearish trend has not been broken. We are still in a bullish correction until the breach of $ 1750, or a return to break the 1680 level to complete the decline.
As for the speculators, it is possible to work on the 1680 and 1745 levels as quick scalp deals
From the main side
News of the military tensions between Russia and Ukraine may come positively for gold, as it is a safe haven in the world, especially after Russia began its military readiness tests.