Gold remains close to record high
Gold remains close to record high and yesterday gold price rallied over 1% and the main reason for this rise is geopolitical uncertainty, driving risk aversion and boosting safe-haven demand for 
XAUUSD
ongoing tensions keep bullish momentum alive for new record highs, An escalation of the Middle East conflict could pave the way for higher prices. Although momentum favors buyers, also daily CPR moving into ascending side and also price trading above weekly pivot: but the Higher Time frame looks like in Sideways (2685-2630).
🔵For Intra day Buy : Wait for breakout on 2670-72 area towards 2685 or higher level if breakout from recent ATH level.
🔵For Intra day sell : Very risky to sell as due to geopolitical scenario but technically if price drops below 2,652-50 (breakdown CPR on H1 or H4) , the door opened to testing the recent low around 2630.
🔵For Swing trade : Buy the dip is still valid
XAUUSD ongoing tensions keep bullish momentum alive for new record highs, An escalation of the Middle East conflict could pave the way for higher prices. Although momentum favors buyers, also daily CPR moving into ascending side and also price trading above weekly pivot: but the Higher Time frame looks like in Sideways (2685-2630).
🔵For Intra day Buy : Wait for breakout on 2670-72 area towards 2685 or higher level if breakout from recent ATH level.
🔵For Intra day sell : Very risky to sell as due to geopolitical scenario but technically if price drops below 2,652-50 (breakdown CPR on H1 or H4) , the door opened to testing the recent low around 2630.
🔵For Swing trade : Buy the dip is still valid
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.