The price breaks through the resistance of the local trend and consolidates in the range of 3320-3375. The price approaches the resistance smoothly through local consolidation zones. Before breaking through 3375, there may be a slight pullback or another consolidation.
The market is bullish, with a strong cascade bottom forming and demand remaining fairly high. Against the backdrop of expectations of interest rate cuts, money is once again flowing into gold.
The market is bullish, with a strong cascade bottom forming and demand remaining fairly high. Against the backdrop of expectations of interest rate cuts, money is once again flowing into gold.
Trade active
Trade closed: target reached
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❤️ Telegram channel: t.me/AndeWave
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.