goldTrading Outlook

Gold: daily forecast/Important Levels

Pauce the safe heaven appeal!

Gold undoubtedly is in full swing of surging amid escalating tension on the geopolitical front.

however, today’s trading seemingly pausing the upward momentum for quite some time . in order for searching for new buyers.

Therefore, we are supporting today the domination of sell trends which would act as a correction.

So our view is to sell the gold below. 1575 for the target of 1545 with the stop loss of 1580.

Alternatives Scenario!

The break out of 1575 would possibly open the way toward. 1589 are.