Gold is stuck sideways, waiting for profits to expand

16 ago

Hello, trader.

remains choppy, having formed a doji candle in the last daily session. Given that today is Friday and there are no significant high-impact news events on the horizon, there is a possibility that the market might continue moving sideways. The price is currently hovering around the key level of 2450, building liquidity both above and below this level, and it appears to be forming a triangle pattern, suggesting that the price may be preparing for a breakout. I expect the market to close above the previous week's high and remain above it, potentially signaling a bullish move next weeks, especially since it has returned to the range zone. My target is ressitance zone around 2477

16 ago

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Hello, trader.
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16 ago

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16 ago

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On August 16, gold prices broke above $2,500 an ounce for the first time, buoyed by hopes of an imminent interest rate cut by the Federal Reserve. Gold prices have risen more than 20 per cent this year on growing optimism about monetary easing and aggressive buying by central banks. In addition, demand for gold as a safe-haven asset has increased due to rising geopolitical risks, including tensions in the Middle East and the conflict between Russia and Ukraine.

16 ago

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16 ago

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16 ago

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16 ago

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16 ago

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17 ago

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17 ago

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17 ago

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The profit this week reached 260%, which is a very generous profit. If you want to synchronize my transaction, you can contact me and I will help you.

17 ago

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17 ago

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17 ago

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Best regards,