Gold XAUUSD in the medium to long term
Gold in the medium to long term
I still see the possibility of continuing the current bullish wave to $1450 , especially with the negative pressure expected for the US dollar for the coming period with Fed is awaiting the next economic data and suspending talk about rate cuts
As well as current political tensions
Technically and measured on previous moves the 1450 area represents a Cluster of more than Fibo level and an important target for the current wave
The positive outlook remains valid as long as prices are above $1346
I still see the possibility of continuing the current bullish wave to $1450 , especially with the negative pressure expected for the US dollar for the coming period with Fed is awaiting the next economic data and suspending talk about rate cuts
As well as current political tensions
Technically and measured on previous moves the 1450 area represents a Cluster of more than Fibo level and an important target for the current wave
The positive outlook remains valid as long as prices are above $1346