⭐️Fundamental analysis
Optimistic comments from the White House and Canada, along with news that enough Democrats have voted to avoid a US government shutdown, have boosted investor sentiment. However, gold's gains were capped by a stronger US dollar, which was bought for the third consecutive session.
However, expectations that the Fed will cut interest rates multiple times this year could limit the strong recovery of the US dollar. In addition, concerns about former President Trump's tough trade policies and their impact on the global economy continue to support gold prices. This suggests that any correction in gold could be a buying opportunity, helping the precious metal maintain its upward trend for the second consecutive week.
⭐️Technical analysis
any pullback today is considered a reasonable buy 2970 is the area where the European session Gold can find deeper and 2953 are the two BUY zones today. The sell zone is still noticeable around the 3000 round resistance and the 3015 border is considered resistance today. When gold has ATH, the FOMO is very high, so this is a difficult time to trade. Pay attention to volume and good capital management.
Optimistic comments from the White House and Canada, along with news that enough Democrats have voted to avoid a US government shutdown, have boosted investor sentiment. However, gold's gains were capped by a stronger US dollar, which was bought for the third consecutive session.
However, expectations that the Fed will cut interest rates multiple times this year could limit the strong recovery of the US dollar. In addition, concerns about former President Trump's tough trade policies and their impact on the global economy continue to support gold prices. This suggests that any correction in gold could be a buying opportunity, helping the precious metal maintain its upward trend for the second consecutive week.
⭐️Technical analysis
any pullback today is considered a reasonable buy 2970 is the area where the European session Gold can find deeper and 2953 are the two BUY zones today. The sell zone is still noticeable around the 3000 round resistance and the 3015 border is considered resistance today. When gold has ATH, the FOMO is very high, so this is a difficult time to trade. Pay attention to volume and good capital management.
JOIN OUR FREE TELEGRAM GROUP t.me/+HARBQ2pBFaI5ZjI1
MESSAGE US FOR VIP SIGNALS🏆 t.me/Leilani8597
MESSAGE US FOR VIP SIGNALS🏆 t.me/Leilani8597
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.
JOIN OUR FREE TELEGRAM GROUP t.me/+HARBQ2pBFaI5ZjI1
MESSAGE US FOR VIP SIGNALS🏆 t.me/Leilani8597
MESSAGE US FOR VIP SIGNALS🏆 t.me/Leilani8597
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.