No short-term technical analysis is correct for gold
Dear Ladies and Gentlemen
👻Gold has maintained its upward trajectory and exceeded the $1,910 level on Friday, reaching its highest point in two weeks. As the weekend approaches, investors are turning to gold as a safe haven, which has resulted in a nearly 2% drop in the benchmark 10-year US Treasury bond yield. This movement is contributing to the continued rise of the XAU/USD.
👻All short-term technical analysis is broken. Resistance zones have become useless with the current situation of world gold reserves.
👻Expect the 1927 resistance zone to be unable to withstand the fluctuations of the world political situation sooner or later.
👻Gold has maintained its upward trajectory and exceeded the $1,910 level on Friday, reaching its highest point in two weeks. As the weekend approaches, investors are turning to gold as a safe haven, which has resulted in a nearly 2% drop in the benchmark 10-year US Treasury bond yield. This movement is contributing to the continued rise of the XAU/USD.
👻All short-term technical analysis is broken. Resistance zones have become useless with the current situation of world gold reserves.
👻Expect the 1927 resistance zone to be unable to withstand the fluctuations of the world political situation sooner or later.
Trade closed: target reached:
My 2 BUY strategies hit TP + 400 pips
Trade active:
Wishing you ladies and gentlemen a happy weekend
Comment:
Looking forward to the wonderful week that is coming our way. I will save you all
