FinancialMarkets Gold Technical Analysis (XAUUSD) - 04 Mar 2024
A large short opportunity could present itself near $2050 region, taking Gold back down to retest the $2000s.
Gold Technical Analysis (XAUUSD) - 04 Mar 2024
SHORT Case
• A large short opportunity could present itself near $2050 region, taking Gold back down to retest the $2000s.
• Gold short positions should be used as hedges against buy position in the current market.
LONG Case
• We expect golds push up to peak somewhere around $2050, where we could see a large downward correction
• Downward corrections should be used as buying opportunities on gold.
• Medium term we are bullish on gold, although gold, we are looking for a new all time high possibly closer to
$2200.
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