Hello everyone, Karina Bella here!
After surpassing the $3,000 mark early Tuesday morning, gold continues its strong upward momentum, fueled by escalating geopolitical tensions in the Middle East. At the same time, the USD remains under pressure, further enhancing gold’s appeal as a safe-haven asset.
Regarding my personal strategy, I remain steadfast in my previous outlook, patiently waiting for a solid breakout beyond the nearest resistance and anticipating a new high in the near future. The most likely scenario at this point is $3,950, a key psychological level that many traders are targeting.
Wishing you a successful and profitable trading session!
After surpassing the $3,000 mark early Tuesday morning, gold continues its strong upward momentum, fueled by escalating geopolitical tensions in the Middle East. At the same time, the USD remains under pressure, further enhancing gold’s appeal as a safe-haven asset.
Regarding my personal strategy, I remain steadfast in my previous outlook, patiently waiting for a solid breakout beyond the nearest resistance and anticipating a new high in the near future. The most likely scenario at this point is $3,950, a key psychological level that many traders are targeting.
Wishing you a successful and profitable trading session!
Trade active
Trade 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.
Related publications
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.