Approaching 2000, Battle between bulls and bears today
☁️At the end of yesterday's trading session, many investors correctly predicted the trend when gold increased to approach the old resistance area of 1990.
☁️The bulls are growing stronger every day and gold is pushing the price closer to the 2000 level.
☁️The conflict in the Middle East continues to be tense and political concerns will not disappear in the short term, which will continue to support gold price increases.
☁️In addition, the market is expecting the Fed to keep interest rates unchanged at its policy meeting next month. If the data shows a slowdown, the Fed will have more reason not to raise interest rates, which would greatly support gold and bring prices back above $2,000.
☁️All technical analysis is supporting gold's upward momentum. EMA 34 and 89 and there are clear signs of reversal.
☁️But will this increase be enough to surpass 2000? Please leave your opinion below in the comment section.
☁️The bulls are growing stronger every day and gold is pushing the price closer to the 2000 level.
☁️The conflict in the Middle East continues to be tense and political concerns will not disappear in the short term, which will continue to support gold price increases.
☁️In addition, the market is expecting the Fed to keep interest rates unchanged at its policy meeting next month. If the data shows a slowdown, the Fed will have more reason not to raise interest rates, which would greatly support gold and bring prices back above $2,000.
☁️All technical analysis is supporting gold's upward momentum. EMA 34 and 89 and there are clear signs of reversal.
☁️But will this increase be enough to surpass 2000? Please leave your opinion below in the comment section.
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SL 2000.
Catch a halving rhythm of gold