XAUUSD Will they cast a vote of no confidence in Russia?
Updated
XAUUSD broke out of its consolidation zone on the news that Russia declared war on Ukraine and seems to be on track to test higher price levels $1975-1982 . As long as the price is above the green support zone, the bullish momentum is likely to continue for the rest of the month.
Also according to reports: various representatives of NATO members will hold an emergency meeting on the situation in Russia and Ukraine; the German Chancellor demanded that Russia must immediately stop its military actions.
I think it is a fact that Russia started the war. There may be some retracement correction after the price rises. The situation is still unclear, and we investors need to pay close attention to the statements of all parties and their actions to determine whether the situation will continue to escalate. If NATO or the United Nations cast a vote of no confidence in Russia because of security interests, it may lead to an uncontrolled deterioration of the situation.
Earlier analysis:
Also according to reports: various representatives of NATO members will hold an emergency meeting on the situation in Russia and Ukraine; the German Chancellor demanded that Russia must immediately stop its military actions.
I think it is a fact that Russia started the war. There may be some retracement correction after the price rises. The situation is still unclear, and we investors need to pay close attention to the statements of all parties and their actions to determine whether the situation will continue to escalate. If NATO or the United Nations cast a vote of no confidence in Russia because of security interests, it may lead to an uncontrolled deterioration of the situation.
Earlier analysis:
Trade closed: target reached
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