Maximilian_FX

Gold increased sharply

Long
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Dear friends, do you think gold will rise or fall?

As predicted, I have observed that gold has quickly surged, breaking through the continuous resistance level and successfully defending the support level at $2015. At the time of writing, the price is trading high at around $2028, up $10 from yesterday's trading session.

The minutes of the first policy meeting of the year by the US Federal Reserve are expected to be released on Wednesday. There is a possibility that the Fed will implement monetary policy easing in mid-2024, which will be a fundamental support factor for the gold market.
Trade active

Join my free signals group 🚀:
t.me/+16ffd-vaSQI5ZmFl
High quality signal 📈
Let's make profits together 💰
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.