gold have been bullish since past January , price kept on pumping and printing new highs at 1806 - 1813 - 1822 - 1840 - 1863 - 1878 and 1910 and fundamentally that's due to :
no interest rate hike .
high US inflation .
and now with the geopolitical issue between Russia and Ukraine gold touched 1910 ( a strong supply zone ) and correcting back to 1890 . with tension getting hotter and hotter gold is likely to stay bullish.
I can see gold pumping again from current prices ( 1893 ) or for a possible deeper correction toward 1870 level before the pump .
Gold bullish target is at 1910 ( the demand zone ) and a break above it can take it to new farther target mostly to 1960 .
GOLD is BULLISH both technically and fundamentally .
If you like the idea please make sure to press the like button and to leave a comment bellow it would be of help to the channel and i'd appreciate it , if you are a new around here please do follow me so you don't miss any future updates/analysis .
this being said I wish you a profitable week see you in the next update .
no interest rate hike .
high US inflation .
and now with the geopolitical issue between Russia and Ukraine gold touched 1910 ( a strong supply zone ) and correcting back to 1890 . with tension getting hotter and hotter gold is likely to stay bullish.
I can see gold pumping again from current prices ( 1893 ) or for a possible deeper correction toward 1870 level before the pump .
Gold bullish target is at 1910 ( the demand zone ) and a break above it can take it to new farther target mostly to 1960 .
GOLD is BULLISH both technically and fundamentally .
If you like the idea please make sure to press the like button and to leave a comment bellow it would be of help to the channel and i'd appreciate it , if you are a new around here please do follow me so you don't miss any future updates/analysis .
this being said I wish you a profitable week see you in the next update .
Nota
like I mentioned that we might see a pump from the actual price and that' what happened , a direct pump of 80 pips .
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.