Gold Prices may increase soon as the phases of correction and profit taking has been done. Gold prices had dropped from 3500 to 3260 which is a huge drop. this drop was necessary as many big investors had set 3500 their target to take their profit and they achieved their target sooner due to the tariff war.
Fundamental Analysis
Fundamentally gold can be explained well because of current economical issues like tariff war between china and usa and geopolitical tensions like in Ghaza and Ukraine. At the moment market is responding to the call of the events instead working technically.
Technical Analysis
Xauusd market is not working technically but if we analyze it technically and take the h1 chart then we can say the market supporting area is somewhere between 3300 and 3260 and currently 3365 is a resistance that market has to breakout.
Fundamental Analysis
Fundamentally gold can be explained well because of current economical issues like tariff war between china and usa and geopolitical tensions like in Ghaza and Ukraine. At the moment market is responding to the call of the events instead working technically.
Technical Analysis
Xauusd market is not working technically but if we analyze it technically and take the h1 chart then we can say the market supporting area is somewhere between 3300 and 3260 and currently 3365 is a resistance that market has to breakout.
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We provide 100% good service for you
1, Account management service
2, VIP paid signals with 100% accuracy
If you want be millionaire than don't waste your time and money come and join us
For more information
📲 @MRG0LD2
1, Account management service
2, VIP paid signals with 100% accuracy
If you want be millionaire than don't waste your time and money come and join us
For more information
📲 @MRG0LD2
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.