Gold price update
Dear friends!
Today, gold continues its upward trend, with spot gold rising by 18 USD to reach 2,954.3 USD/ounce.
This upward momentum is supported by safe-haven demand amid growing concerns about President Trump's proposed tax plans. Meanwhile, the US Dollar shows minimal gains, while US Treasury yields decline following the release of new economic data that raises concerns about US growth prospects.
As shown on the 1-hour chart, gold's upward movement remains capped by the resistance level of $2,955. In the medium term, gold needs to break above this level to establish any meaningful momentum. Key short-term levels to watch include the support level at $2,935 and signals from the 34.89 EMA. The precious metal is expected to reach the $3,000 mark by late February or early March.
What do you think?
Today, gold continues its upward trend, with spot gold rising by 18 USD to reach 2,954.3 USD/ounce.
This upward momentum is supported by safe-haven demand amid growing concerns about President Trump's proposed tax plans. Meanwhile, the US Dollar shows minimal gains, while US Treasury yields decline following the release of new economic data that raises concerns about US growth prospects.
As shown on the 1-hour chart, gold's upward movement remains capped by the resistance level of $2,955. In the medium term, gold needs to break above this level to establish any meaningful momentum. Key short-term levels to watch include the support level at $2,935 and signals from the 34.89 EMA. The precious metal is expected to reach the $3,000 mark by late February or early March.
What do you think?
✅ Gold Speculation Signals: 4 - 6 Signals.
✅ Forex Signals: 5 - 8 Signals.
✅ Trading Ideas / Setups / Techniques.
✅ NEW UPDATE: Free Signals on Telegram: t.me/+cwKKHoaeEAc5NWY1
✅ Forex Signals: 5 - 8 Signals.
✅ Trading Ideas / Setups / Techniques.
✅ NEW UPDATE: Free Signals on Telegram: t.me/+cwKKHoaeEAc5NWY1
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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。
✅ Gold Speculation Signals: 4 - 6 Signals.
✅ Forex Signals: 5 - 8 Signals.
✅ Trading Ideas / Setups / Techniques.
✅ NEW UPDATE: Free Signals on Telegram: t.me/+cwKKHoaeEAc5NWY1
✅ Forex Signals: 5 - 8 Signals.
✅ Trading Ideas / Setups / Techniques.
✅ NEW UPDATE: Free Signals on Telegram: t.me/+cwKKHoaeEAc5NWY1
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。