Gold: Nothing Changed, Still Bullish
Gold: Nothing Changed, Still Bullish
In the bigger picture, Gold is still positioned for the C wave of the pattern. Despite some hesitation, showing a slight decrease in bullish momentum, there are not many fundamental reasons to push Gold down.
The technical picture remains intact and bullish. While it may be forming something complex, the overall trend is still upward.
PS: Only a movement below 2582 may confirm a further decline. As long as the price is developing within the larger pattern, it remains bullish.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
In the bigger picture, Gold is still positioned for the C wave of the pattern. Despite some hesitation, showing a slight decrease in bullish momentum, there are not many fundamental reasons to push Gold down.
The technical picture remains intact and bullish. While it may be forming something complex, the overall trend is still upward.
PS: Only a movement below 2582 may confirm a further decline. As long as the price is developing within the larger pattern, it remains bullish.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Trade active
GOLD reached 2649.50 from 2634.50 which was when it was posted
Note
📣GOLD Price Analysis
👉Technical Analysis:
From our previous analysis, GOLD rose from 2635 to 2664.20 and reached our first target. The bullish trend is still intact.
ONLY if the price moves above 2665, it should further increase its bullish momentum and may reach the other targets as shown in the chart.
👉Fundamental Analysis Today:
Gold prices rose as the dollar weakened due to uncertainty surrounding President-elect Donald Trump's tariff plans, with additional support from China's central bank, which increased its gold reserves for the second consecutive month.
Trade closed: target reached
Note
Target Reached
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✅MY Free Signals
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
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.