Gold Benefits From Political Tensions
The technical analysis on the 4-hour gold chart shows that the price is showing signs of correction after hitting the resistance level at $2,748. Currently, the important support level is around $2,720, which is an area where the price can recover if it holds.
If the gold price continues to hold above this support level, the recovery scenario to the $2,780 area is possible. Conversely, if the support level is broken, the gold price may correct deeper to lower levels around $2,700.
The political news factor also contributes significantly to the fluctuations in the gold price. The US presidential election in November is strongly affecting the market sentiment. If Mr. Donald Trump wins, the gold price is likely to decrease due to expectations that he can resolve geopolitical tensions. However, strong economic policies from both candidates could also increase economic stimulus and money pumping, further supporting gold's rally.
If the gold price continues to hold above this support level, the recovery scenario to the $2,780 area is possible. Conversely, if the support level is broken, the gold price may correct deeper to lower levels around $2,700.
The political news factor also contributes significantly to the fluctuations in the gold price. The US presidential election in November is strongly affecting the market sentiment. If Mr. Donald Trump wins, the gold price is likely to decrease due to expectations that he can resolve geopolitical tensions. However, strong economic policies from both candidates could also increase economic stimulus and money pumping, further supporting gold's rally.
コメント
nice
Join my team to get free signal XAUUSD trades with up to 85% winning rate!
Every day, you will receive 5-7 high quality signals, helping you earn a lot of money
Click here to join the group: t.me/+GRJwuaIyEF8yNDdl
Every day, you will receive 5-7 high quality signals, helping you earn a lot of money
Click here to join the group: t.me/+GRJwuaIyEF8yNDdl
関連の投稿
免責事項
これらの情報および投稿は、TradingViewが提供または保証する金融、投資、取引、またはその他の種類のアドバイスや推奨を意図したものではなく、またそのようなものでもありません。詳しくは利用規約をご覧ください。