XAUUSD
XAUUSD,gold came to 2684-2686 all-time high and respected it , but line chart flose of 3hrs candle shows a break and a retest which could send price tanking at 2677-2678 level. on technical and from structure we have many sell other at 2686 level, so correction could knock off some daily gain and push selling to our demand floor.
GOLD is bullish on demand floor meaning it can trigger buy at any given demand level.
but if buying gets extreme it could spike into 2700-2714.
a more extreme buy will be in 2730 and above where we have our supply roof that complete impulse leg.
GOLD is bullish on demand floor meaning it can trigger buy at any given demand level.
but if buying gets extreme it could spike into 2700-2714.
a more extreme buy will be in 2730 and above where we have our supply roof that complete impulse leg.
Nota
falling US Treasury yields boost demand for non-yielding assets.
Geopolitical uncertainty and upcoming US elections fuel demand for Gold as a safe-haven asset amidst economic slowdown fears
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