🥇 GOLD - Support retest before further growth

Gold may continue its growth amid huge buying interest. Central banks of major powers continue to actively buy the metal. Against the backdrop of the expected reduction of interest rates in the U.S., the potential for gold is also growing. From a technical point of view, for further growth the market-maker needs to liquidate orders below 2150 in order to gather liquidity to continue the upward movement.

Reasons for further growth:

1) High interest in gold worldwide
2) Against the backdrop of the crisis, gold is a safe-haven asset
3) On the background of expectation of rate cuts, interest in buying increases
4) After a strong growth there is no fall. Consolidation is forming

Trade closed: target reached