MTN8426

GOLD and WAR (GOLD Update)

Long
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Well, as predicted in previous analyzes, the price of gold began to rise rapidly emotionally shortly after the start of the war.
But now we have two scenarios like the previous analysis for the future price of gold.

Scenario 1: After a slight fluctuation, the price of gold slowly reaches the ceiling of the specified channel. If the war escalates, price growth in this scenario could be rapid. (More likely scenario)
Scenario 2: With a ceasefire in war and a return to confidence in non-fixed assets (cryptocurrencies), sellers can lower gold prices to the end of the specified channel by saving profits (currently unlikely)

Like the previous analyzes, we have to wait and see the fate of this analysis.

See previous analysis on my page.

Analyze simple, trade hard
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.