📊TECHNICAL ANALYSIS ON 2-HOURS TIMEFRAME
Gold has been consolidating with bullish perspectives. Two days ago, the price exploded to the upside with a high bullish momentum. And since yesterday, the Gold market entered in a consolidation again. Although there could be a correction, in my opinion, this should not be sold but bought into dips. A good zone for buys is under 2030. Also, as an alternative bullish scenario, we have a small symmetrical triangle and Gold could continue its ascent after this pattern is confirmed
📊QUICK FUNDAMENTAL LOOK
Gold prices rose 0.55% to $2,052 an ounce, the highest since May 5, with a session-low at $2,040, after rising 1.35% on Tuesday, the fourth profit in a row, and the largest since October 19 as the dollar swoons. As gold surfs a strong wave of gains, prices are approaching a record high at $2,081, scaled on May 4.
⚠️Warning: Trading contains elements of risk, please be careful when Making Orders, Market Recommendations are only for consideration.