Monday Open has taken off continuation close of Friday NZ time We are looking at another ATH with 3.111 33 at the time of writing this currently still a good trade position will close out once T/P is hit. there maybe a small correction. 3,157,65 is my target goal once my T/P is hit.
Observation: News out the USA around Trumps Tariffs have now taken effect on todays open however this just the beginning.
Disclaimer: this not financial advice never risk more than your prepared to loose S/L and T/P must be in place at all times.
update : T/P hit target small correction maybe 3088?
Observation: News out the USA around Trumps Tariffs have now taken effect on todays open however this just the beginning.
Disclaimer: this not financial advice never risk more than your prepared to loose S/L and T/P must be in place at all times.
update : T/P hit target small correction maybe 3088?
Note
Gold prices hit a fresh record high on Monday, soaring to $3,158.20 a troy ounce as concerns over an escalating global trade war and an uncertain geopolitical outlook boost the yellow metal's appeal as a safe haven and inflation hedge. In early trading, futures rise 1.3% to $3,154.40 a troyTrade active
Note
Gold has gained more than 19% so far this year and its upward trend is expected to continue. "Strong investment inflows, resilient physical demand, and elevated central bank purchases will keep gold on a strong footing," analysts at ANZ Research say. Traders are now waiting to see the scope of U.S. President Trump's upcoming reciprocal tariffs on major trade partners, which could increase inflation pressures and potentially slow economic growth globally. Trade closed: target reached
Note
this trade went for a few days both targets were hit combination of News plus following trend analysis was well worth the effort. Note
Retracement back to 3088Note
Gold: As sellers continue to push prices lower, with them eyeing a challenge of the $3,000 mark. If cleared, that will put into play the 50-day Simple Moving Average (SMA) at $2,937, followed by the $2,900 figure. On the other hand, if XAU/USD edges up, buyers need to reclaim $3,100 if they would like to regain control.
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.
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.