Since late 2023, the BofA commodities team has maintained a bullish stance on gold, projecting that the price could reach $3,000 per ounce by 2025. With gold prices already up 21% year to date, the precious metal appears to be on track to meet this target.
CURRENTLY GOLD IS MOVING ON UP TREND.
Expecting correction up to 2484.72
Today’s important levels for trading are 2477.77, 2488.97 2506.11 and 2517.31
Trading Strategy for today: Buy On Dip
Trade setup:
Pullback Buy around 2485.50 Deeper Buy around 2475.50
Safe swing sell below 2468.50
Safe swing buy above 2503.50
Important Event :
🔴 ADP Non-Farm Employment Change
🔴 Unemployment Claims
🟠Final Services PMI
🔴 ISM Services PMI