GOLD - Correction to NEW heights
Gold surged to a record high, driven by growing optimism that the Federal Reserve will begin easing monetary policy this year and by escalating geopolitical tensions in the Middle East.
The price of gold has reached our target, as we mentioned in the previous analysis and the weekly analysis.
Currently, the price is trading above the support of 2432. This further supports the upward trend toward reaching the new resistance level, like 2455. The price is currently in the process of correcting towards the 2432 support level. After reaching this level, we will have a rise towards the 2455 level. However, any stabilization below 2432 will lower the gold direction to 2403. Any stability below the 2403 level will also cause the price to fall sharply to its lower levels.
The price of gold has reached our target, as we mentioned in the previous analysis and the weekly analysis.
Currently, the price is trading above the support of 2432. This further supports the upward trend toward reaching the new resistance level, like 2455. The price is currently in the process of correcting towards the 2432 support level. After reaching this level, we will have a rise towards the 2455 level. However, any stabilization below 2432 will lower the gold direction to 2403. Any stability below the 2403 level will also cause the price to fall sharply to its lower levels.
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With Clear entry point and target line with stopout zone
~900 pips per week —— Accuracy more than 88%
with best learning
Be Stronger With us
THANKS for your support
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