{"id":595,"date":"2024-09-05T06:37:24","date_gmt":"2024-09-05T06:37:24","guid":{"rendered":"https:\/\/theforexgem.com\/?p=595"},"modified":"2024-09-05T06:37:24","modified_gmt":"2024-09-05T06:37:24","slug":"trading-view-of-gold-xau-usd-39","status":"publish","type":"post","link":"https:\/\/theforexgem.com\/index.php\/2024\/09\/05\/trading-view-of-gold-xau-usd-39\/","title":{"rendered":"Trading View Of Gold (XAU\/USD)"},"content":{"rendered":"\n

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.<\/p>\n\n\n\n


CURRENTLY GOLD IS MOVING ON UP TREND.<\/mark><\/strong><\/p>\n\n\n\n

Expecting correction up to 2484.72<\/p>\n\n\n\n

Today’s important levels for trading are 2477.77, 2488.97 2506.11 and 2517.31<\/p>\n\n\n\n

Trading Strategy for today: Buy On Dip<\/mark><\/strong><\/p>\n\n\n\n

Trade setup:<\/mark><\/strong><\/p>\n\n\n\n

Pullback Buy around 2485.50 Deeper Buy around 2475.50<\/p>\n\n\n\n

Safe swing sell below 2468.50
Safe swing buy above 2503.50<\/p>\n\n\n\n

Important Event<\/a> : <\/strong>
\ud83d\udd34 ADP Non-Farm Employment Change
\ud83d\udd34 Unemployment Claims
\ud83d\udfe0 Final Services PMI
\ud83d\udd34 ISM Services PMI<\/p>\n\n\n\n

Remark: This market analysis is published to increase your awareness, but not to give instructions to make a trade.<\/mark><\/h6>\n","protected":false},"excerpt":{"rendered":"

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 […]<\/p>\n","protected":false},"author":98,"featured_media":596,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-595","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog"],"yoast_head":"\nTrading View Of Gold (XAU\/USD) - TheForexgem<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/theforexgem.com\/index.php\/2024\/09\/05\/trading-view-of-gold-xau-usd-39\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Trading View Of Gold (XAU\/USD) - TheForexgem\" \/>\n<meta property=\"og:description\" content=\"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. 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