Hey Traders, in today's trading session we are monitoring XAUUSD for a buying opportunity around 1955 zone.
fundamentally the market is expecting Fed to pivot in the next Quarter which is considered as bullish for Gold and Stocks in the long term. and considering also the Balance sheet that got more liquidity injected. we can also mention that the market is considering Gold as a safe haven due the bank crisis.
Technically we have noticed that Gold is in a phase of correction that approaches the uptrend around 1955 Support zone so i will keep an eye on the price action over there. for my target i'm setting Monthly high.
Feel free to ask any question in the comment section.
Trade safe, Joe.
fundamentally the market is expecting Fed to pivot in the next Quarter which is considered as bullish for Gold and Stocks in the long term. and considering also the Balance sheet that got more liquidity injected. we can also mention that the market is considering Gold as a safe haven due the bank crisis.
Technically we have noticed that Gold is in a phase of correction that approaches the uptrend around 1955 Support zone so i will keep an eye on the price action over there. for my target i'm setting Monthly high.
Feel free to ask any question in the comment section.
Trade safe, Joe.
Join our telegram Channel for daily market updates t.me/JoeChampion