Gold consolidates buyers due to global crisis linked to another armed conflict. The metal is increasingly attracting capital as a hedging asset in times of crisis. I think the outlook for a few weeks is predetermined. We should expect a retest of 2150 in the near future.
Reasons for further increases:
1) Armed conflict on the world's main trade artery near Yemen will only drive gold prices higher 2) Upward trend of XAU 3) Consolidation is forming near resistance 2058 - this increases the chances of a breakout 4) A change of mood is evident in the market, the bulls are gaining strength
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.