RLinda Trading

Professional trader with more than 12 years of experience in Forex, gold and cryptocurrency markets, including work with various exchanges, brokers and market makers, a large amount of theoretical and practical knowledge. With these capabilities in mind, we offer you the best signal provider service. Best forex signals, crypto signals and accurate gold signals will allow you to become a winner in trading
R.Linda Trading - forecast

GOLD → False breakdown and change of mood...

GOLD Forecast
GOLD is strengthening after a false breakdown of support at 3288, with the change in fundamental sentiment due to US statements on the tariff war also providing support for the price.

On Thursday, gold rose from a weekly low of $3,260, supported by a weaker dollar and renewed concerns about US trade negotiations with China and Japan.

Optimism about tariff cuts quickly faded after denials from the White House. Weak US business activity data is fueling talk of a possible Fed policy easing, which is also supporting gold. The markets remain focused on trade news and Trump's statements.

Technically, gold could reach the liquidity cluster at 3314 and continue to rise towards strong resistance at 3370.

Resistance levels: 3342, 3370, 3387

Support levels: 3314, 3288, 3270

Below 3314 and below 3288, a liquidity pool has formed, which the market is likely to test before continuing its growth. It is too early to talk about a resumption of a strong rally, as the situation between the US and China is complicated, as are the negotiations on the situation in Eastern Europe, which seem to be moving towards talks, but every time something goes wrong...

Best regards, R. Linda!