Gold prices are rising sharply because the US Dollar (DX) is weakening due to Trump's tariff speculations. This situation is creating strong buying pressure on gold. If the price stays above the key level of $2748-50 support area the next target could be $2790 or even record highs.
I entered a sell position at 2758 and it is still active. I plan to hold this position to gain more profit. Follow this strategy if it aligns with your trading goals.
If 2750 turns invalidate, next gold will be on 2740 mark.
I entered a sell position at 2758 and it is still active. I plan to hold this position to gain more profit. Follow this strategy if it aligns with your trading goals.
If 2750 turns invalidate, next gold will be on 2740 mark.
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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.
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.