Hello dear friends! Today, gold continues to trade in an upward direction.
The increasing risk of war can be seen. These risks are also reducing the likelihood that the US Federal Reserve (Fed) will raise interest rates in the next few meetings. Therefore, we are witnessing a strong recovery in gold.
Currently, on the 1-hour time frame, although gold is trading relatively calmly, the possibility of price increase is still being reinforced steadily. The EMA signal, along with the upward trend, supports the rise of gold. The price target of reaching the $1975 area continues to be emphasized.
The increasing risk of war can be seen. These risks are also reducing the likelihood that the US Federal Reserve (Fed) will raise interest rates in the next few meetings. Therefore, we are witnessing a strong recovery in gold.
Currently, on the 1-hour time frame, although gold is trading relatively calmly, the possibility of price increase is still being reinforced steadily. The EMA signal, along with the upward trend, supports the rise of gold. The price target of reaching the $1975 area continues to be emphasized.
Trade active
Trade closed: target reached
