➡️ The metal fell below 1900$ for the first time in March in immediate reaction to the Fed's ruling on Wednesday. However, it managed to change direction during Powell's press conference and continued to rise today during the Asian session.
The Financial Times reported late Wednesday that Ukraine and Russia have made significant progress towards a potential peace deal. The headline revived optimism for a ceasefire, but the Ukrainian side reportedly rejected the proposed neutrality. Moreover, a number of journalists noted that Ukraine sees the positive shift in Russia's tone only as an attempt to ease sanctions pressure. Therefore, support for Gold can be expected here.
At the moment, buyers need to consolidate above the level of 1959.405$ in a large balance of 1878.080$ - 2060$. Considering all of the above, as well as the aspect of technical analysis, it is assumed that in the near future it will still be possible to see the price near the level of 2060$.
➖➖➖➖➖➖➖
👍Thanks for your comments and likes👍
👇🔥LINKS TO PREVIOUS IDEAS AND FORECASTS🔥👇
The Financial Times reported late Wednesday that Ukraine and Russia have made significant progress towards a potential peace deal. The headline revived optimism for a ceasefire, but the Ukrainian side reportedly rejected the proposed neutrality. Moreover, a number of journalists noted that Ukraine sees the positive shift in Russia's tone only as an attempt to ease sanctions pressure. Therefore, support for Gold can be expected here.
At the moment, buyers need to consolidate above the level of 1959.405$ in a large balance of 1878.080$ - 2060$. Considering all of the above, as well as the aspect of technical analysis, it is assumed that in the near future it will still be possible to see the price near the level of 2060$.
➖➖➖➖➖➖➖
👍Thanks for your comments and likes👍
👇🔥LINKS TO PREVIOUS IDEAS AND FORECASTS🔥👇
Comment:
🙌 There is new idea for EURUSD 👇
Comment:
👇There is new forecast for next week for BTCUSD 🙌
Comment:
👇There is new forecast for next week for GOLD🙌
