In light of the inherent instability accompanying geopolitical conflict, gold has historically served as a favoured haven for investors seeking a refuge of stability. Notably, gold has witnessed a marked upsurge in value since the preceding week, with indications suggesting a continued ascent.
Turning our focus to the first-half analysis, we can delineate two potential scenarios:
Upon reaching the price range of 1983-1985, should any bearish signals materialize, it may warrant considering a short position with a target in the vicinity of 1965.
Conversely, in the event of a breach beyond the 1985 threshold, the path may pave the way for an ascent towards the 2000 mark.
It is paramount to highlight the importance of maintaining a flexible approach, refraining from attachment to positions, and aligning one's strategy with the flow of the markets.
Best of luck trading this week!
Turning our focus to the first-half analysis, we can delineate two potential scenarios:
Upon reaching the price range of 1983-1985, should any bearish signals materialize, it may warrant considering a short position with a target in the vicinity of 1965.
Conversely, in the event of a breach beyond the 1985 threshold, the path may pave the way for an ascent towards the 2000 mark.
It is paramount to highlight the importance of maintaining a flexible approach, refraining from attachment to positions, and aligning one's strategy with the flow of the markets.
Best of luck trading this week!