XAUUSD Outlook For Feb. 20 - Feb. 25th!
G - get
O - over
L - last weeks
D - dips
Gold has been making its way back to a (somewhat) premium level. $1900! After starting off the week with a “buy, sell, buy” play, gold is looking to capitalize on these troubling times. Crypto has seen an exponential growth, but they’ve also made big liquidation moves recently. How will gold shine during this time of inflation, war, and uncertainty of a safe haven? My thoughts exactly. Being that she pushed down in January and made a complete 180 degree turn in the beginning of February, I’m anticipating gold to remain bullish overall. It’s too much happening with news surrounding the dollar, more hawkish than good, so gold has been looking to feed its need to continue up. My next target area for gold would be $1916.
Overall for this coming week: BULLISH
O - over
L - last weeks
D - dips
Gold has been making its way back to a (somewhat) premium level. $1900! After starting off the week with a “buy, sell, buy” play, gold is looking to capitalize on these troubling times. Crypto has seen an exponential growth, but they’ve also made big liquidation moves recently. How will gold shine during this time of inflation, war, and uncertainty of a safe haven? My thoughts exactly. Being that she pushed down in January and made a complete 180 degree turn in the beginning of February, I’m anticipating gold to remain bullish overall. It’s too much happening with news surrounding the dollar, more hawkish than good, so gold has been looking to feed its need to continue up. My next target area for gold would be $1916.
Overall for this coming week: BULLISH
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