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Gold Price Cross the level 3700 What Should Next Point? for OANDA:XAUUSD by MrMartin_11


Gold Price Cross the level 3700 What Should Next Point? for OANDA:XAUUSD by MrMartin_11

Gold Price consolidation These are the tailwinds boosting gold and supporting the "bullish continuation" case you laid out Softer US data (labour market, inflation, etc.) is increasing probability of Fed easing. Lower rates reduce the opportunity cost of holding non‐yielding assets like gold. The dollar weakening makes gold cheaper for holders of other currencies, increasing demand. Also, inflation or fiscal deficits may weigh on USD strength.

Where to Look for Profit-Taking (Long-Term) & Key Levels

If you're holding long‐term or entering long now (around current 3689), here's how one might structure profit targets vs risk / pullbacks: 3705-3720 Next resistance zone. Breaking above this gives validation of strength. Good minor profit-taking area.

You may find more details ion the chart.

Trade wisely best of Luck.

Ps; Support with like and comments for better analysis Thanks for Supporting.

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