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GOLD: Unstoppable Gold Rally Continues - Eyes on 4000
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GOLD: Unstoppable Gold Rally Continues - Eyes on 4000
Gold seems to be unstoppable with good or bad US economic data. With or without a rate cut from the FED.
Why it is only rising is a big topic because we can only speculate about tariffs, the US economy, the global situation in general. However, ultimately, these are just guesses because the real movement started when Israel attacked Hamas and has not stopped since.
Currently, gold broke another strong resistance area at 3790 and reached a new record high at 3811 so far.
If the market continues to maintain this bullish momentum above 3790, then gold could reach 4000.
I think this whole situation makes no sense, but that's just the way it is.
Key targets: 3850; 3900; 3950 and 4000.
You may find more details in the chart!
Thank you and Good Luck! -
Gold rally looks unstoppable
Breaking 3790 and aiming straight for 4000 shows how strong safe-haven demand is. Momentum looks intact — next stops 3850, 3900, 3950, and then that big 4000 psychological level 
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GOLD: Unstoppable Gold Rally Continues - Eyes on 4000
Gold seems to be unstoppable with good or bad US economic data. With or without a rate cut from the FED.
Why it is only rising is a big topic because we can only speculate about tariffs, the US economy, the global situation in general. However, ultimately, these are just guesses because the real movement started when Israel attacked Hamas and has not stopped since.
Currently, gold broke another strong resistance area at 3790 and reached a new record high at 3811 so far.
If the market continues to maintain this bullish momentum above 3790, then gold could reach 4000.
I think this whole situation makes no sense, but that's just the way it is.
Key targets: 3850; 3900; 3950 and 4000.
You may find more details in the chart!
Thank you and Good Luck!The fear of the U.S Government shutdown is pushing gold only up.
Target reached and is set to rise further
