KeepItsimple74
@t_KeepItsimple74
What symbols does the trader recommend buying?
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Gold exhibits a strong bullish trend and is currently at elevated price levels. However, the prevailing macroeconomic uncertainty aligns with investors' tendency to seek gold as a safe-haven asset. Applying fractal market analysis and projecting the initial structural development suggests a potential technical target in the $3,200 zone. Nevertheless, given gold's current high valuation, a retracement is plausible. We will continue to monitor the market.
I Think Gold is in a bullish structure. It is expensive at the moment, and you can see a reversal formation. Up to where is going to fall, well maybe you could use Fibo tool to give an idea. I would wait for a bullish pattern to look for longs.. the market is choppy with lot of volatility, gold would be strong on this situations.. but keep an eye on USD
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