old Weekly:
Last week i defined a Weekly target of 1880. And it is successfully met. Crossing the 1880 due to fundamentals; the Israel+palestine conflict/ unrest position in middle east. Gold is considered safeheaven under the conflicting circumstances. We saw similar scenario during the Russian/Ukraine conflict.
On Friday, The magnitude of impact on Gold was beyond any yardstick i.e Gold shoot up from 1870 to 1930 the 600 Pips in a single day.
Yet i was of the idea that Gold will be bullish but crossing the 1900 so swiftly was a surprise.
Any How. Coming back to technical. Daily chart show a big engulfing bullish candle. I will aim to buy low near 1920-1930 area and Target for next week will be: 1952-1980-2000.
Good Luck for your Gold adventures!
Last week i defined a Weekly target of 1880. And it is successfully met. Crossing the 1880 due to fundamentals; the Israel+palestine conflict/ unrest position in middle east. Gold is considered safeheaven under the conflicting circumstances. We saw similar scenario during the Russian/Ukraine conflict.
On Friday, The magnitude of impact on Gold was beyond any yardstick i.e Gold shoot up from 1870 to 1930 the 600 Pips in a single day.
Yet i was of the idea that Gold will be bullish but crossing the 1900 so swiftly was a surprise.
Any How. Coming back to technical. Daily chart show a big engulfing bullish candle. I will aim to buy low near 1920-1930 area and Target for next week will be: 1952-1980-2000.
Good Luck for your Gold adventures!