GOLD: Get Ready For The Third Target!

GOLD: Get Ready For The Third Target!

Price just broke out also from a large pattern after accumulating clearly and finally confirmed a triangle pattern.

Overall it was not supported by any big news but this is gold:)

You may watch the analysis for further details!
Thank you:)

註釋

Previous analysis:

Gold Market Update: Bulls Still in Control?

交易進行

註釋

📣Gold’s Rally Continues – Strong Trend Amid Global Uncertainty

🎯Target Reached -> Since yesterday, gold has increased by nearly +1.53% from 3170 to 3320, maintaining its strong upward trend.

✅This rise isn't driven by the usual reasons, but several global problems are supporting gold’s strength:

1️⃣No progress in Ukraine-Russia peace talks.

2️⃣Israel’s threats of further escalation in Gaza, along with restrictions on humanitarian aid.

3️⃣Israel may strike Iranian nuclear sites, raising concerns about a larger conflict.

4️⃣Moody’s downgraded US debt due to rising interest costs and unsustainable debt growth.

Given these developments, gold could continue rising, possibly reaching 3400. However, caution is necessary in this volatile environment.

交易結束：目標達成