Dear Traders!
Amidst lingering trade tensions and mixed signals from the Fed on the possibility of a rate cut, the USD is clearly on the defensive, and gold is regaining its status as a safe haven asset. At the time of writing, the price is consolidating its bullish momentum, hovering around $3,365, seemingly building momentum for another potential breakout.
The current environment favors the bulls and my personal target is around $3,395, with the potential to surpass $3,400 if this rally continues.
Amidst lingering trade tensions and mixed signals from the Fed on the possibility of a rate cut, the USD is clearly on the defensive, and gold is regaining its status as a safe haven asset. At the time of writing, the price is consolidating its bullish momentum, hovering around $3,365, seemingly building momentum for another potential breakout.
The current environment favors the bulls and my personal target is around $3,395, with the potential to surpass $3,400 if this rally continues.
Trade closed: target reached
Gold moved nicely to the designated target, I think gold will go higher
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✅ Receive 7–10 premium signals daily across Forex, Gold, and Bitcoin
📈 Timely, precise market insights delivered in real-time
🎓 Designed for traders of all levels – beginner to pro
📌 Join our free signal group here: t.me/+LuDQwLtsv9kxYjM1
📈 Timely, precise market insights delivered in real-time
🎓 Designed for traders of all levels – beginner to pro
📌 Join our free signal group here: t.me/+LuDQwLtsv9kxYjM1
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.