Justfxtrades
@t_Justfxtrades
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Justfxtrades
it is a shiny year for gold so far, it kept reaching new all time highs since Trump declare tarrifs on canada, Mexico and china, that causes big demand on gold admit world war trade fears, we have also the geopolitical side while Israel resumes war on Palestine after months, my setup is wait for a pullback on last structure zone confirmed by Fibo, then it would be a good entry for a long run
Justfxtrades
Gold is still moving in an upward trend despite breaking the trend line, which turned out to be a fake out. It is expected to continue its rally and break its ATH amid ongoing geopolitical tensions in the Middle East and especially the escalation between Ukraine and Russia following Washington’s approval for Kyiv to use long range missiles.
Justfxtrades
The gold price appears to be retracing after hitting its record high of 2147 since the year started. I anticipate a continued downtrend in the gold price in the upcoming days, with all attention focused on the NFP report next week.
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