GOLD: Gold's Near-term Outlook is Bullish

Hello everyone! Today i want to share some macro analysis with you!

TECHNICAL: Gold price breaks through $3,000 at another record high, ANZ raises gold price forecast to $3,100!

Gold's near-term outlook is bullish.The 4-hour chart shows technical indicators resuming their uptrend, albeit with uneven strength, but still into positive territory. In addition, gold price is trading above its bullish moving averages and the 20-period SMA is currently providing dynamic support around $2,925.8.

Expect today's trading range to be in the range of 3006-3040. Trade to keep buying trades!

Strategy:Buy:3008-3010 TP:3028-3030 SL:2998

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The situation in the Middle East is heating up again as spot gold stands at $3010, renewing its record high. So far this year, the cumulative increase of more than 14 per cent!

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Macro Trend

Monetary policy, various types of price indices... Here is everything about the macro economy!

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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