Gold market remains strong with the growing uncertainty in the world economy and rapidly expanding money supply. As governments try to cope with financial turbulence, they print more and more fiat money (money that is not backed with material assets). This fuels inflation that eats away government bonds yields , wick in 1st half of year 2024 will toch around 2350 usd then body will closed around
2120 some where intact bullish momentum
hang on this long term senario
Trade active
Looks yearly bullish engulfing candle farmation it will toched to 2350 usd per onz somewhere this year mid have nice trading
Trade closed: target reached
Looks like we reached the target in Future of GoldTrade closed: target reached
Trade closed above the range this means body for yearly candle will settle between 2150 or 2187Trade closed: target reached
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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.