GOLD is testing the liquidity zone and sellers are trying to put pressure at the moment. But, it is worth to realize that Trump's policy is a risk for the market. Gold is still a safe-haven asset, which is remembered when risks rise.
Scenario: We are waiting for a correction to 2710 - 2690. This is an integral part of the scenario development after the false breakout. But, based on the bulls' position, we can count on the price reversal from the mentioned zones with the purpose of resistance breakout and further growth to 2757 and ATH - 2790
Scenario: We are waiting for a correction to 2710 - 2690. This is an integral part of the scenario development after the false breakout. But, based on the bulls' position, we can count on the price reversal from the mentioned zones with the purpose of resistance breakout and further growth to 2757 and ATH - 2790
Trade active
Trade closed: target reached
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❤️ Telegram channel: t.me/AndeWave
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.