#Gold | FOREX | 23rd feb Update
🔹Timeframe: 4 hour
After a gap up opening good seem to be positive
🔹Strategy:
Bull above 2026.68 level
Resistance: 2035-2036
🔹Gold prices are heading for their first weekly gain in three weeks, supported by a weaker dollar
🔹Spot gold is up 0.1% at $2,026.5 per ounce, gaining 0.7% for the week. U.S. gold futures edged 0.2% higher to $2,035.5 per ounce.
🔹Geopolitical tensions in the Middle East, including Houthi attacks on a UK-owned cargo ship and Israel's port, contribute to gold's appeal as a safe-haven asset
After a gap up opening good seem to be positive
🔹Strategy:
Bull above 2026.68 level
Resistance: 2035-2036
🔹Gold prices are heading for their first weekly gain in three weeks, supported by a weaker dollar
🔹Spot gold is up 0.1% at $2,026.5 per ounce, gaining 0.7% for the week. U.S. gold futures edged 0.2% higher to $2,035.5 per ounce.
🔹Geopolitical tensions in the Middle East, including Houthi attacks on a UK-owned cargo ship and Israel's port, contribute to gold's appeal as a safe-haven asset
Comment:
Target achived upside
Trade closed: target reached