Xauusd market after hitting a new high has dropped from 3500 to 3290 in one day. This reversal according to me is a phase of correction not a bearish trend. Market is still bullish and will try to hit a new high.
Why should it hit new high?
Due to the current Geopolitical tensions around the word and the Tariff war between China and USA the Global Markets have experienced a huge drop. Now Gold is perceived as a safe heaven for the bigger investors to invest and that is what they are doing now. All investors and Central Banks and multinational companies are buying Gold in bulk. Because of high demand gold prices are rising every day.
Technical Analysis.
by examining h1 chart thoroughly i have come to a point that the Gold is currently at the supporting area and will get more value.
Why should it hit new high?
Due to the current Geopolitical tensions around the word and the Tariff war between China and USA the Global Markets have experienced a huge drop. Now Gold is perceived as a safe heaven for the bigger investors to invest and that is what they are doing now. All investors and Central Banks and multinational companies are buying Gold in bulk. Because of high demand gold prices are rising every day.
Technical Analysis.
by examining h1 chart thoroughly i have come to a point that the Gold is currently at the supporting area and will get more value.
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.
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.