ThomasFox_23
@t_ThomasFox_23
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ThomasFox_23
Gold is still on the move and is currently sitting around 3021.44 at the time of this analysis. Geopolitical events continue to cause havoc in the middle east, While Europe faces economical uncertainties due to monetrary policy and trade agreements pushing #GOLD to new highs. I expect gold to continue on its path to 3030.
ThomasFox_23
Geopolitics in Yemeni and inflation data continue to drive XAUUSD #GOLD to new highs. #XAUUSD has been hovering around $2,990 with bullish momentum heading towards 3010/3020. Bullish engulfing candles on the 2hr confirm forward trajectory.
ThomasFox_23
As of 3-13-2025 Gold has rose 0.04% to 2946.14. US inflation data and tariffs have been the main source of fuel for the ongoing race to $3,000. I expect gold to crush right through resistance level at $2,956 and head to $3,000 depending on key news releases this morning.(Core PPI m/m, Unemployment claims)If news negatively effects gold then you could expect trend to change and head to main support of 2530.
ThomasFox_23
#XAUUSD #GOLD is holding steady price around 2920 but showing signs of breaking key resistance level and heading to all new high. If CPI news release is lower than actual forecast, you can expect to see gold rally to a new high of 2980! Double confirmations- 1. Inverted double head and shoulders 2hr time frame 2. Inverted head and shoulders 30mn time frame
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