1.Technical Analysis:
If Gold broke that Trend again with good Volume then we may see a Bullish momentum. Gold have to break the 1930 Level and once its made a CHOCH then our buying price is 1920.
2.U.S. Dollar Value For Fundamental Analysis of Gold:
According to fundamental analysis of gold when everything else is equal, a stronger US dollar tends to lower gold price. Whereas a weaker US dollar is likely to drive gold prices higher. It is because more gold can be bought when the dollar value is weak.
If Gold broke that Trend again with good Volume then we may see a Bullish momentum. Gold have to break the 1930 Level and once its made a CHOCH then our buying price is 1920.
2.U.S. Dollar Value For Fundamental Analysis of Gold:
According to fundamental analysis of gold when everything else is equal, a stronger US dollar tends to lower gold price. Whereas a weaker US dollar is likely to drive gold prices higher. It is because more gold can be bought when the dollar value is weak.
Trade active
Like I've told u before gold is very bullish, and its already started it's journey towards upward zone.Trade closed: target reached
Note
Gold next moveTrade closed: target reached
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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.
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.