做多

Gold's long-term trend is still forecast to increase in price.

Geopolitical tensions are expected to cool down under Donald Trump. And the US economy will attract international capital flows. Cash flow poured heavily into many high-risk assets such as the stock market, cryptocurrency market,... thereby putting more pressure on gold.

However, in the medium and long term trend, gold is still forecast to increase in price. Many organizations have not changed their forecasts that gold will reach 3,000 USD/ounce by 2025.

Many experts believe that public debt, leverage and extreme taxes of Mr. Donald Trump have the ability to bring gold prices back to before. After a period of time, many private investors will overcome the debt situation and the pressure to control the US budget. Gold will then increase again.

With the recent sharp decline, it is likely that bottom-fishing demand from the "big players" in the market will increase again. China has stopped buying gold for 6 consecutive months, but may return to buying when prices fall deeply. China, Russia and many other countries are still accelerating the process of reducing the proportion of reserve assets denominated in USD.

🔥 BUY 2590 - 2592🔥

💵 TP1: 2600
💵 TP2: 2610
💵 TP3: OPEN

🚫 SL: 2583

🔥 SELL 2628 - 2630🔥

💵 TP1: 2620
💵 TP2: 2610
💵 TP3: OPEN

🚫 SL: 2637