Gold broke out 2000. Where will the new peak be?
Updated
🌱Very nice recovery in the 1980 price range. Perfectly suitable for a long-term uptrend to continue
🌱Gold extended its weekly advance and climbed to the $1,990 area for the first time in five months on Friday. XAU/USD continues to benefit from safe-haven flows as investors look to mitigate risk, while a correction in US bond yields provides further impetus.
🌱Gold prices (XAU/USD) rose sharply as tensions in the Middle East continued to escalate and Federal Reserve (Fed) Chairman Jerome Powell endorsed a stable interest rate policy in a speech on Thursday.
🌱Demand for gold bars increased as the Israeli army prepared to enter the Gaza Strip with the goal of destroying Hamas, the Palestinian military group. Meanwhile, America and Iran have not yet made a clear decision about participating in the war.
🌱Plan trading.
BUY GOLD Now 1980
SELL GOLD scalping 2003-2005
🌱Gold extended its weekly advance and climbed to the $1,990 area for the first time in five months on Friday. XAU/USD continues to benefit from safe-haven flows as investors look to mitigate risk, while a correction in US bond yields provides further impetus.
🌱Gold prices (XAU/USD) rose sharply as tensions in the Middle East continued to escalate and Federal Reserve (Fed) Chairman Jerome Powell endorsed a stable interest rate policy in a speech on Thursday.
🌱Demand for gold bars increased as the Israeli army prepared to enter the Gaza Strip with the goal of destroying Hamas, the Palestinian military group. Meanwhile, America and Iran have not yet made a clear decision about participating in the war.
🌱Plan trading.
BUY GOLD Now 1980
SELL GOLD scalping 2003-2005
Note
Have a nice weekend my wifeNote
Are you ready for new week with my signalsNote
Gold prices trims a part of the previous week's gains and hovers around $1,975 during the Asian session on Monday. The bullish outlook of the precious metal is bolstered by the safe-haven flows due to the escalating geopolitical tensions in the Middle East.
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