Hello traders,

Gold’s bullish momentum remains strong, with recent weakness in the U.S. dollar continuing to support gold’s bullish momentum. Additionally, tensions between the United States and Venezuela and Russia’s attack on Ukraine have increased geopolitical uncertainty.
The conflict between Russia and Ukraine remains unresolved and escalates periodically – maintaining market risk premiums.
✔ Political uncertainty, including issues related to Trump and the stability of U.S. leadership, has increased overall market volatility and fear.

Gold is likely to maintain its upward trend as investors continue to seek risk protection, making it an attractive safe-haven asset in the current global environment.

Gold is currently heading towards an all-time high (ATH) and may form a new high this time as the price of gold has recently broken out of an upward structure and is respecting the uptrend line.

Here we can plan to buy within the 4,480-4,460 demand area (previous structural swing).
Our goals are:

Target:
TP1: ~4,549 (first resistance level)
TP2: ~4,582 (highest resistance area)
TP3: Breaking above 4,600 points

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