Two Scenario
The first scenario with a probability of 55%:
Breaking the daily resistance in the price range of 1800 and hitting the price range of 2075-2080.
The second scenario with a probability of 45%:
Hitting the resistance of 1800 and returning to the daily and weekly support in the price range of 1680 and 1600.
80% of the reasons for the upward movement of the price of gold and its fluctuations in the next weeks ( like the last 6 months, of course ) are influenced by the news and in general, fundamentals, which are mainly news like; The war between Russia and Ukraine is the decisions of the central banks for the financial, energy and food crises around this war and the exit from the Covid-19 epidemic recession, of course.
Undoubtedly, price changes and fluctuations in energy (oil and gas indexes) have a direct impact on precious metals and gold,
So be aware that sudden movements due to news and fundamental analysis have a high impact on your trades in this period of time, and you should pay special attention to the News.
Good luck
P.S
Dear Friends; Write any suggestions for currencies analysis or stocks in the forex and cryptocurrency market in the comments so that we can publish their analysis.
sincerely
The first scenario with a probability of 55%:
Breaking the daily resistance in the price range of 1800 and hitting the price range of 2075-2080.
The second scenario with a probability of 45%:
Hitting the resistance of 1800 and returning to the daily and weekly support in the price range of 1680 and 1600.
80% of the reasons for the upward movement of the price of gold and its fluctuations in the next weeks ( like the last 6 months, of course ) are influenced by the news and in general, fundamentals, which are mainly news like; The war between Russia and Ukraine is the decisions of the central banks for the financial, energy and food crises around this war and the exit from the Covid-19 epidemic recession, of course.
Undoubtedly, price changes and fluctuations in energy (oil and gas indexes) have a direct impact on precious metals and gold,
So be aware that sudden movements due to news and fundamental analysis have a high impact on your trades in this period of time, and you should pay special attention to the News.
Good luck
P.S
Dear Friends; Write any suggestions for currencies analysis or stocks in the forex and cryptocurrency market in the comments so that we can publish their analysis.
sincerely
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.