GOLD: Safe haven for investors!
Updated
Due to the market's recent instability, Gold has experienced a surge in value. The price per ounce has surpassed $2,000, reaching a peak that hasn't been seen in a year. Additionally, it appears that Gold exchange traded funds will see a positive net inflow in March, which hasn't happened in nearly 12 months. Based on these recent developments, it's possible that Gold prices could exceed our projected target of $2,100 by the end of March 2024 earlier than anticipated. Although the global financial crisis has been avoided, it may take some time for investors to regain their confidence.
Based on technical analysis, the price of gold is being impacted by the resistance and support areas, which are effectively fulfilling their roles. It's important to take into account the price range between $1935 and $2000 across multiple time frames. Looking ahead, it's anticipated that gold will continue to experience growth.
MAYBE BUY GOLD 1960-1965
TAKE PROFIT 1: 1975
TAKE PROFIT 2: 1985
TAKE PROFIT 3: 2000
STOPLOSS: 1950
Note: Note: Full TP, SL for winning the market and safe trading!
Based on technical analysis, the price of gold is being impacted by the resistance and support areas, which are effectively fulfilling their roles. It's important to take into account the price range between $1935 and $2000 across multiple time frames. Looking ahead, it's anticipated that gold will continue to experience growth.
MAYBE BUY GOLD 1960-1965
TAKE PROFIT 1: 1975
TAKE PROFIT 2: 1985
TAKE PROFIT 3: 2000
STOPLOSS: 1950
Note: Note: Full TP, SL for winning the market and safe trading!
Trade active
Hit TP1: +180 pipsTrade active
Hit TP2: +220pips
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