XAUUSD : Is the Rally Set to Continue ?
Hello everyone! It’s great to be back for another discussion on gold prices today.
Currently, gold continues to hold its bullish momentum, trading around $2,950, with a slight pullback that is not a major concern. This uptrend is driven by strong safe-haven demand, as investors remain wary of a global trade war, following President Donald Trump’s new tariff threats. Additionally, central banks continue to purchase gold, further pushing prices higher.
According to Goldman Sachs, gold could reach $3,200 by the end of this year. The primary reason behind this forecast is strong demand from central banks and investors seeking safe-haven assets, amid global economic uncertainty and new U.S. tax policies.
📉 Short-Term Outlook:
On the charts, gold remains capped below the $2,955 resistance level. The metal must break through this level to establish any meaningful upside momentum. Key support levels to watch include the EMA 34 and 89 signals, along with the $2,935 support zone.
💬 What do you think? Can gold continue its rally, or will we see a short-term correction?
Currently, gold continues to hold its bullish momentum, trading around $2,950, with a slight pullback that is not a major concern. This uptrend is driven by strong safe-haven demand, as investors remain wary of a global trade war, following President Donald Trump’s new tariff threats. Additionally, central banks continue to purchase gold, further pushing prices higher.
According to Goldman Sachs, gold could reach $3,200 by the end of this year. The primary reason behind this forecast is strong demand from central banks and investors seeking safe-haven assets, amid global economic uncertainty and new U.S. tax policies.
📉 Short-Term Outlook:
On the charts, gold remains capped below the $2,955 resistance level. The metal must break through this level to establish any meaningful upside momentum. Key support levels to watch include the EMA 34 and 89 signals, along with the $2,935 support zone.
💬 What do you think? Can gold continue its rally, or will we see a short-term correction?
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✅You can get 5 - 7 gold signals - Forex every day
✅ Trading knowledge and answers to questions 24/7
✅Completely free.
👉Join by clicking the following link:
t.me/+QXTdazFwCRg5MGNl
✅ Trading knowledge and answers to questions 24/7
✅Completely free.
👉Join by clicking the following link:
t.me/+QXTdazFwCRg5MGNl
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.