Gold is ready to fly 2700 target
Gold Surges Despite Hawkish Fed Signals
Gold rises amid Trump policy uncertainty ahead of his inauguration. This week's US inflation data will be crucial.
Key Points:
1. Gold price increases despite strong NFP data.
2. Trump's policy uncertainty drives gold's surge.
3. US inflation data release next week will impact gold's direction.
Technical Analysis:
GOLD breaks consolidation resistance, aiming to hold above. Likely to test 2675-2664 support zone.
Trade Setup:
Entry Point: 2662-2660
Target: 2700
Resistance: 2698, 2721, 2750
Support: 2646, 2627
Best wishes Tom 😎
Gold rises amid Trump policy uncertainty ahead of his inauguration. This week's US inflation data will be crucial.
Key Points:
1. Gold price increases despite strong NFP data.
2. Trump's policy uncertainty drives gold's surge.
3. US inflation data release next week will impact gold's direction.
Technical Analysis:
GOLD breaks consolidation resistance, aiming to hold above. Likely to test 2675-2664 support zone.
Trade Setup:
Entry Point: 2662-2660
Target: 2700
Resistance: 2698, 2721, 2750
Support: 2646, 2627
Best wishes Tom 😎
Trade active
150pips running my trade Trade closed: target reached
2700 hit
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Stay grouped with us we try to provide you best 🤩
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