๐กXAUUSD: Forecast for the beginning of the week
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โค๏ธ Hello everyone, hope you have a nice weekend
๐ก As you know, this Friday, gold had a strong breakthrough when it was about to hit the 2,000 mark. That is completely reasonable in the context of the Middle East region being tense and investors flocked to gold to preserve their assets
๐ก However, in a recent note, Fitch Solutions predicted that gold prices will average 1,950 USD/ounce this year. In addition to geopolitical uncertainty, gold is also supported โas fears of another Fed rate hike in 2023 ease.โ
๐Trading strategy for tomorrow:
โ๏ธIf Gold turns around when it touches the 1974 - 1975 zone, we will buy in 1979 - 1980
โ๏ธ If Gold breaks the 1974 - 1975 zone, we will sell at 1972 - 1970
โผ๏ธ Don't forget to setup Stop Loss to be safe โผ๏ธ
๐ก As you know, this Friday, gold had a strong breakthrough when it was about to hit the 2,000 mark. That is completely reasonable in the context of the Middle East region being tense and investors flocked to gold to preserve their assets
๐ก However, in a recent note, Fitch Solutions predicted that gold prices will average 1,950 USD/ounce this year. In addition to geopolitical uncertainty, gold is also supported โas fears of another Fed rate hike in 2023 ease.โ
๐Trading strategy for tomorrow:
โ๏ธIf Gold turns around when it touches the 1974 - 1975 zone, we will buy in 1979 - 1980
โ๏ธ If Gold breaks the 1974 - 1975 zone, we will sell at 1972 - 1970
โผ๏ธ Don't forget to setup Stop Loss to be safe โผ๏ธ
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๐กPhillip Streible, chief market strategist at Blue Line Futures in Chicago, said that if the conflict in the Middle East escalates, gold prices will surpass $2,000 per ounce.ืืขืจื
โ๏ธCLOSE SELL AT 1964 . +80PIPS . Greattttttืืขืจื
๐กGold reacted slightly to the resistance zone, which is a round number around 2000. However, we see that the price action is still quite lackluster, the price has not shown that selling pressure appears in this area, just a few slowdowns around there.ืืขืจื
๐ก Investors are awaiting a number of events this week, including the European Central Bank meeting and the release of US GDP data as well as the Federal Reserve's preferred inflation measure. America.ืืขืจื
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