Gold (XAU/USD) Bullish Breakout minimum till $3,000
Gold has recently crossed its all-time high once again, fueled by global uncertainties and a potential trade war pushing prices higher.
Entry: Near $2,935 after a successful breakout and retest.
Stop-Loss: Below the support zone at approximately $2,910.
Take-Profit: Targeting the psychological level of $3,000.
Risk-Reward Ratio: 1:1 minimum with an estimated 80% probability of success.
Fundamental Factors: Ongoing geopolitical tensions, including Ukraine-Russia peace talks, which remain uncertain, and trade war concerns, both favoring gold's upside momentum.
Entry: Near $2,935 after a successful breakout and retest.
Stop-Loss: Below the support zone at approximately $2,910.
Take-Profit: Targeting the psychological level of $3,000.
Risk-Reward Ratio: 1:1 minimum with an estimated 80% probability of success.
Fundamental Factors: Ongoing geopolitical tensions, including Ukraine-Russia peace talks, which remain uncertain, and trade war concerns, both favoring gold's upside momentum.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.