Nexus-Trading

Hello everyone!Today, the price of gold continued to increase slightly and did not fluctuate much compared to the previous trading session, currently fluctuating around $2787.Gold continues to benefit as the uncertainty ahead of the US presidential election boosts demand for this precious metal as a safe haven. In my personal opinion, there are many factors supporting gold and can push the price higher. The forecast for this precious metal price can reach $2,850/ounce in the near future. What do you think about this view?

Hello, wonderful friends!Currently, the price of gold has reached a record high, surpassing the $2,700/ounce mark, strongly boosted by escalating geopolitical tensions in the Middle East, especially between Israel and armed groups in the region. This instability has caused investors to flock to safe-haven assets such as gold, to protect their assets amid continued global uncertainty.In addition, expectations that the US Federal Reserve (FED) will cut interest rates at its meeting in November have also contributed to the increase in gold prices. When interest rates fall, the opportunity cost of holding gold decreases, making this asset more attractive. Many central banks and gold-backed ETFs have increased their holdings of gold, creating further upward momentum for this precious metal.The current trend, along with support from the EMAs at 34.89, gives us a bullish outlook for gold. Gold is currently trading near the 34 EMA support at 2750 with current resistance at $2783. A break above the $2783 resistance would open the doors for further gains in gold, as shown on the 1-hour chart.

Hello everyone!The bullish trend continued in today's trading session, with the precious metal aiming to maintain its move around the $2,750 mark early Tuesday. Despite the rebound, gold prices remained within a familiar range as the US dollar's rally paused ahead of the release of top US economic data later on Tuesday.Meanwhile, growing excitement over a possible victory for former US President Donald Trump in the November 5 election, combined with hopes for more stimulus from China, supported global equities, reducing the safe-haven appeal of the US dollar, which in turn continued to support gold prices in the coming period.Wishing you successful trading and good luck in the markets!Active

Hello everyone, let’s dive into the weekly strategy for gold prices together!Currently, gold is trading around the 2733 USD level, showing signs of recovery after an early session drop and gaining strength due to a short-term gap that appeared.So far today, the precious metal has declined over 12 USD, but in the long term, it has demonstrated resilience by closing nearly 30 USD higher than last week’s close.This week, gold prices are expected to experience considerable volatility as the market awaits key data releases, including the U.S. jobs report on Friday morning. Gold continues to receive strong support in both the short and long term from fundamental factors like de-dollarization trends, political risks—especially with the upcoming U.S. election—, inflationary pressures, and lower interest rates.Technical Analysis: In the short term, gold is likely to continue its recovery, driven by support from the trendline and the recent gap filling, which encourages a bullish sentiment among investors.Wishing you all successful trades!nice