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GOLD XAUUSD 29.02.2024 Fundamental

FXOPEN:XAUUSD   Gold Spot / U.S. Dollar
GOLD

The recent data, especially US domestic production, was contrary to expectations and fell to 3.2%, significantly from 4.9%. Expectations were 3.3%, which is negative for the dollar, but gold did not benefit much from the negative data due to the huge liquidity that entered the field of cryptocurrencies, especially Bitcoin, but in the medium term this is the case. The news is positive for gold and prices stabilized in the 2034 areas

We expect prices to continue until reaching 2040 until 2046, and from here the decline will begin until 2031 again.

This is if the data is mixed and if the data is all negative for the dollar, we expect the price of gold to reach 2057 and even 2065 and selling will begin from the aforementioned area.

We buy from 2029 to 2023 and the second purchase from 2015 to 2005.

The first sale starts from 2042 to 2049 and the second from 2057 to 2067.

The goals are 100 points from the entry point or the closest area of support or resistance

Do not forget these astronomical numbers for recovery more than 40 points

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