CFDs on Gold (US$ / OZ)
Short
Updated

Gold Bearish Analysis

119
In my this analyisis i have given few levels for sell. i have done sell analysis because of the ease in geopolitical tension like ceasefire between India and Pakistan and Israel and Gaza and Tesnion is also decreasing between Ukrain and Russia. Apart from this the Tarrif War between China and USA is cooled down for 90 days. These area few fundamental aspects that can be the cause of drop in the gold price in future.

Gold would be seen as a sole safe heaven for the investors and central banks and the investment they have done in the gold will be shifted in other assets like stocks. Dollar will gain some strength and the dollar will be taken as a reserve again.

Currently the sell zones area 3262 and 3280 while the targets that i have set are 3220 and 3175 which can show a little support to Gold today.
Trade active
achieved our first target 3222
Trade closed: target reached
target reached 3175

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.