Gold Eyes 3,386 with No Reversal in Signs

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Gold Eyes 3,386 with No Reversal in Signs

Gold continues its upward trajectory, with potential extension toward the $3,386 level.

In my view, the primary catalyst behind this rally is market manipulation.

Additionally, recent comments from former President Trump regarding tariffs, and remarks from Chair Powell on interest rate policy, have further fueled bullish sentiment.

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交易進行

The 3364 zone, which I explained about its strength, has been reached.

Be careful because the price is in a critical zone. Since the upward momentum is still high, it can break through this zone and continue with the next one, 3386.

The bearish trade will not happen suddenly because it requires a strong catalyst. If the price stays below the red zone, it is required to be very careful if you have long positions, as it can last a little longer and can also create some slow reversal movement.