gold recently broke a major price level (1850) and broke the technical bearish structure , and since kept on printing green candles and pumping forward to the first bullish target (1870) and with price breaking it , it's highly for it to keep on pumping toward next farther bullish targets (1894) and (1907).
so technically gold is very bullish at the moment , and also fundamentally gold is very bullish because according to the media Russia units are ready to invade Ukraine .
Putin invading will take gas prices to higher levels as well but this is a story of another chart .
if you like the idea and enjoy the work on this channel please make sure to hit the like button and to comment bellow it will help me a lot .
until next time trade safely traders .
so technically gold is very bullish at the moment , and also fundamentally gold is very bullish because according to the media Russia units are ready to invade Ukraine .
Putin invading will take gas prices to higher levels as well but this is a story of another chart .
if you like the idea and enjoy the work on this channel please make sure to hit the like button and to comment bellow it will help me a lot .
until next time trade safely traders .
Note
Russia have back downed from Ukraine so we might see a huge drop , price is most likely to drop back to 1830Note
like predicted with the hot geopolitical events with Russia and Ukraine gold have been very bullish and reached all our targets on this analysis.we've had a misleading information that Russia have back down with her troops from different media sources and I presumed with this new information gold's bullish run is at end ( would be bearish for gold if the information was true ) but it was false info and so the primary bullish analysis stood .
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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.