hello guys as you can see gold is in an uptrend . after breaking above ma200 and fix it went up to 2672
2672 is strong resistance if price break out this level can go up to my targets
Gold has been bullish over the past few days due to several fundamental factors:
1. Expectations of Lower Interest Rates by the Federal Reserve:
Recent U.S. economic data, such as easing inflation and weaker growth indicators, suggest that the Fed may pause or even consider cutting interest rates. Lower rates benefit gold because it reduces the opportunity cost of holding non-yielding assets like gold.
2. Geopolitical Tensions:
Ongoing geopolitical issues, such as conflicts in the Middle East or global uncertainties, have increased demand for safe-haven assets like gold. Investors tend to flock to gold during times of fear or uncertainty.
3. Weaker U.S. Dollar:
The U.S. dollar has shown some weakness recently, making gold more attractive to buyers in other currencies. A weaker dollar generally supports gold prices.
4. Seasonal Demand and Central Bank Purchases:
Central banks, especially in countries like China and India, continue to increase their gold reserves, providing strong support for gold prices. Additionally, seasonal demand for gold in certain markets may be playing a role
2672 is strong resistance if price break out this level can go up to my targets
Gold has been bullish over the past few days due to several fundamental factors:
1. Expectations of Lower Interest Rates by the Federal Reserve:
Recent U.S. economic data, such as easing inflation and weaker growth indicators, suggest that the Fed may pause or even consider cutting interest rates. Lower rates benefit gold because it reduces the opportunity cost of holding non-yielding assets like gold.
2. Geopolitical Tensions:
Ongoing geopolitical issues, such as conflicts in the Middle East or global uncertainties, have increased demand for safe-haven assets like gold. Investors tend to flock to gold during times of fear or uncertainty.
3. Weaker U.S. Dollar:
The U.S. dollar has shown some weakness recently, making gold more attractive to buyers in other currencies. A weaker dollar generally supports gold prices.
4. Seasonal Demand and Central Bank Purchases:
Central banks, especially in countries like China and India, continue to increase their gold reserves, providing strong support for gold prices. Additionally, seasonal demand for gold in certain markets may be playing a role
交易進行
Target1 achieved +250 pips Fast profit
交易結束：目標達成
TARGET2 ACHIEVED +310 PIPS
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。