XAUUSD is rallying, with demand high amid a falling dollar and the Fed's rate cuts. Technically, there are no obstacles to growth, and the market is aggressive. For trading, look for buying opportunities on pullbacks. 
Gold is rallying and hitting new highs as people realize what's going on (interest rates are falling). Powell's speech is coming up, and it may trigger a correction (profit-taking) amid growing risks.
Key factors: Powell's speech today, at which time the market is waiting for hints of further easing of Fed policy.
PMI data (US), weak figures will support the possibility of further rate cuts...
Demand for metal is supported by geopolitical tensions in the Middle East and Eastern Europe.
Resistance levels: 3800
Support levels: 3760
Many factors are supporting the rise in gold, and there are no compelling reasons to sell gold now. The ideal trading strategy is to wait for a pullback and retest of support levels with the formation of strong reversal points for buying.
Sincerely, R. Linda!
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(don't copy, click on the links!)
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🌹TRADING is a CASINO💔!?
NO‼️
Join me, I'll guide you to PROFITABLE TRADING💵!
(don't copy, click on the links!)
🟢Telegram Channel: telegram.me/RLindaTrade
🧿 Web: rlinda.com
🔴Contact: telegram.me/RLindaSignals
NO‼️
Join me, I'll guide you to PROFITABLE TRADING💵!
(don't copy, click on the links!)
🟢Telegram Channel: telegram.me/RLindaTrade
🧿 Web: rlinda.com
🔴Contact: telegram.me/RLindaSignals
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