⭐After a beautifull double top pattern & a good correction GOLD seems to be ready for a new ATH this year!
📈XAUUSD is in a medium uptrend with obvious correction and momentum movements forming new LH(Lower High) & HH(Higher Highs) which further strengthens the upward trend! 📊After the FIB Retracement applied behind the representation, gold does not seem to change its trend anytime soon, but although it is close to a pullback in the 38.20 area, it does not represent such a strong upward trend that it does not try to go down at least in the GOLDEN ZONE (50%-61,80%)
📍US PPI and CPI data due later in the week
📍Dollar at its highest level in over two years
📍Market sees 25 bps reduction in rate cuts this year
💥Position Recommendations💥
Entry: 2650
Stop Loss: 2630
Take Profit 1: 2680
Take Profit 2: 2700
Take Profit 3: 2750 (I do not recommend only with subsequent confirmations)
📈XAUUSD is in a medium uptrend with obvious correction and momentum movements forming new LH(Lower High) & HH(Higher Highs) which further strengthens the upward trend! 📊After the FIB Retracement applied behind the representation, gold does not seem to change its trend anytime soon, but although it is close to a pullback in the 38.20 area, it does not represent such a strong upward trend that it does not try to go down at least in the GOLDEN ZONE (50%-61,80%)
📍US PPI and CPI data due later in the week
📍Dollar at its highest level in over two years
📍Market sees 25 bps reduction in rate cuts this year
💥Position Recommendations💥
Entry: 2650
Stop Loss: 2630
Take Profit 1: 2680
Take Profit 2: 2700
Take Profit 3: 2750 (I do not recommend only with subsequent confirmations)
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。