Gold prices continue to receive support!

Updated
Idea of gold trading: The price of gold in the world market has increased during this morning's trading session due to the lack of improvement in business environment and consumer confidence in the European economic region in March. Investors have expressed concerns about the global economy facing difficulties, leading them to increase their purchases of gold as a capital reserve and profit-seeking strategy. As a result, the precious metal has reached a level of $2,200 USD at present.

Additionally, the price of gold has also benefited from the recent terrorist attack at a concert hall in Crocus, Krasnogorsk, Moscow, which occurred six days ago, as well as a major bridge collapse incident in Baltimore, USA - Francis Scott Key Bridge - affecting water transportation operations at the second-largest port in the United States.

Trading plan for March 28th:

👨‍💻 XAUUSD BUY zone 2178 - 2175 🔹SL 2173 🔹TP 2190 - 2200

👨‍💻 XAUUSD SELL zone 2207 - 2209 🔹SL 2212 🔹TP 2200 - 2190

Wishing you all Full TP 💵💵💵
Note
Gold strategy today: Should I sell or not?
Trade closed: target reached
ForexGoldHarmonic PatternsTechnical IndicatorsintradaytradelongsetupoptionsstrategiessignalsTechnical AnalysisTrend AnalysisXAUUSD

Related publications

Disclaimer