The current price of GOLD is $29,377/oz, so is it suitable to go short or go long? After all, it is related to every trader's wallet. From the trend analysis, although the daily London gold fluctuates, it stands firmly above $2,930/oz. The MAXD indicator fast and slow lines are glued together after the golden cross, showing that the short-term momentum is balanced but the long-term trend is upward, and the RSI indicator is close to the overbought zone. However, there is no obvious deviation, suggesting that there is still room for upward movement.
In addition, geopolitics and Trump's tax on imported cars have increased GOLD's demand for hedging in the market.
David believes that traders can buy gold from 2935. Support point: 2850/ounce Pressure point: 3000/ounce
BUY: 2935 TP: 2980-3000 SL: 2850
Traders who are still watching or don’t know when to trade can continue to pay attention. I will take you to the groundbreaking breakthrough GOLDGO1!GOLD
Continuously release precise trading plans to lead members to expand profits, with a stable profit of 988% every month. If you have not made a profit yet, then join us. t.me/High_yield_big_profit
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Continuously release precise trading plans to lead members to expand profits, with a stable profit of 988% every month. If you have not made a profit yet, then join us. t.me/High_yield_big_profit
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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.