GOLD OUTLOOK
Updated
Gold has recently pulled back after reaching a new high, indicating a potential bearish trend. However, the market has largely been driven by fundamental factors, both political and economic, and more such factors are anticipated. This makes it difficult to be completely certain of a bullish or bearish trend. The market direction could change with the uncertainty surrounding the Federal Reserve's decision on interest rate cuts. Although our analyses primarily focus on swing setups and observe a bearish trend in gold, we anticipate a reversal that could retest the recent high before the bearish trend continues.
Trade active
40 pips in profitTrade active
80+ pips in profitTrade active
200+ pips in profit. Move SL to BreakevenTrade active
280+ pips and RunningTrade active
360 pips hitTrade active
Almost 400 pips. Move SL to 2415Trade active
500+ pips. Partial closeSL to 2425
Trade active
600+ pips in profitSL 2435
Target 2467
Trade active
700 pips. 100 pips to hit final targetTrade closed: target reached
CongratulationsTarget Done 2467
780 Pips
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