XAUUSD continues its growth momentum
Ralph Benjamin, hello everyone!
Thus, the price of gold plummeted, dropping 20 USD after just 30 seconds after the US inflation announcement, exceeding market expectations yesterday. Currently, in today's trading session, the uptrend continues, gold is currently consolidating below the $2250 barrier. The uptrend is strong as it consolidates at high levels with steady trading activity on the 2-hour timeframe.
It can be seen on most timeframes that XAUUSD is making significant gains, suggesting a very positive bullish outlook.
With the XAUUSD continuing to trade steadily at these high levels, it is likely that the $2325 price level will be retested in the near term, forming a trendline and using it as strong support for the upside. furthermore. It is expected that this price increase will reach 31,209 USD. What are your thoughts on this issue? Do you agree with me?
Thus, the price of gold plummeted, dropping 20 USD after just 30 seconds after the US inflation announcement, exceeding market expectations yesterday. Currently, in today's trading session, the uptrend continues, gold is currently consolidating below the $2250 barrier. The uptrend is strong as it consolidates at high levels with steady trading activity on the 2-hour timeframe.
It can be seen on most timeframes that XAUUSD is making significant gains, suggesting a very positive bullish outlook.
With the XAUUSD continuing to trade steadily at these high levels, it is likely that the $2325 price level will be retested in the near term, forming a trendline and using it as strong support for the upside. furthermore. It is expected that this price increase will reach 31,209 USD. What are your thoughts on this issue? Do you agree with me?
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Trade closed: target reached
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