From TradingView · · 40s
Gold Targets $10,000 per ounce
Gold price aims for $10,000 per ounce as technical and fundamental analysis suggests a bull run.
In brief
Gold price aims for $10,000 per ounce as technical and fundamental analysis suggests a bull run. Gold is targeting $10,000 per ounce after technical analysis shows strong support and undervaluation relative to global events. Originally reported by TradingView.
Gold Price Target
Gold is targeting $10,000 per ounce as technical analysis shows strong support and undervaluation relative to global events.
“Gold is naturally delivering Bullish candles due Yields collapse as today's #4,152.80 re-Buy was Trade of the day”
Technical Support Levels
Gold maintains support at $4,102.80 with resistance at $4,202.80 and $4,227.80.
Fundamental Analysis
Gold appears undervalued relative to global developments with potential for a bull run to $10,000.
“The Long-term Fundamental trend has assumed control from the Technicals as Gold seems undervalued relative to the circumstances of global developments”
Trading Strategy
Traders should wait for daily candle close before acting on potential price movements.
“it would be best to wait for today’s Daily candle closing before taking any action”
What it means
Gold is targeting $10,000 per ounce after technical analysis shows strong support and undervaluation relative to global events.
