Technical Analysis;
Gold has recently broken above a consolidation zone, supported by green cloud indicators, signaling a potential continuation of bullish momentum.
Entry: A buy entry is marked around $3,421, aligning with recent support.
Target: The upside target is set near $3,445, a key resistance level from previous price action.
Stop Loss: Positioned below $3,416, protecting the trade against potential breakdowns.
Fundamental Analysis:
Gold remains supported amid ongoing global economic uncertainty, inflation concerns, and expectations of potential central bank easing.
Market sentiment favors safe-haven assets, reinforcing bullish bias in the short term.
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Gold has recently broken above a consolidation zone, supported by green cloud indicators, signaling a potential continuation of bullish momentum.
Entry: A buy entry is marked around $3,421, aligning with recent support.
Target: The upside target is set near $3,445, a key resistance level from previous price action.
Stop Loss: Positioned below $3,416, protecting the trade against potential breakdowns.
Fundamental Analysis:
Gold remains supported amid ongoing global economic uncertainty, inflation concerns, and expectations of potential central bank easing.
Market sentiment favors safe-haven assets, reinforcing bullish bias in the short term.
If you found this idea helpful please support with a like and follow for more timely updates and trade setups!
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.
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.