Gold in correction. Deception before growth or reversal?

5 hari yang lalu

Gold is surprisingly bullish and there are reasons for that. The main and important one is the tariff war unleashed by Trump. A classic manipulative game between countries, which is very much reflected in the forex markets and not only. Tomorrow it is worth paying attention to the NFP, which can both support the market and destroy the local structure.

Gold after a strong rally is entering a correction phase and it is worth paying attention to the trend and several key zones: 2845, 2855 and resistance of the rising range. Based on the fundamental environment we can assume that gold will continue to be favored, so we should look for an opportunity to buy.

Scenario: if the price holds above 2845 and between 2845 and 2855 (for us it will be a confirmation that buyers are betting on growth), then we can expect a breakout of 2855 resistance, consolidation above this point and continuation of growth towards 2882.3 (historical high).

4 hari yang lalu

Trade aktif

Gold successfully breaks the resistance and consolidates above the mentioned level. At the moment we can continue to consider buy scenarios, for example, when resistance 2870-2870 is broken. Gold has potential and there is a probability of continuation of growth up to 2910-2940

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Trading ditutup: target tercapai

2882 reached
+270 pips