XAUUSD is on FIRE!!! Gold to 2100

10 thg 5, 2023

I have to be honest, the week started off great on this pair. Forex48 strategy is already up +16%. Overall, we have gold that is caught in a vice between a demand zone around 2015 and a supply zone around 2060. After today's movement, the direction of gold is even clearer. We have a price that is heading towards 2100. The dollar no longer has strength, a currency that is facing its worst crisis since the post-war period. Unfortunately, all we can do is profit from it.

Let me know what do you think.

Have a nice trading.

Forex48 Trading Academy