TradePlus-Fx

☑️GOLD: on the rise

Long
OANDA:XAUUSD   Gold Spot / U.S. Dollar
➡️ Gold prices have risen 10% since the end of January. The rally reflects inflationary fears, conflict and fears of currency depreciation. Strategists of many financial institutions are now focused on the growth of the metal in the medium and long term. According to their assumptions, the metal will be above 2000$.

At the moment, growth is expected from this round level towards the previous local maximum at the level of 2070$. It is expected that this range of 2000$-2070$ will be maintained for gold in the near future.

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