Post
--Bullish
$PAXG Gold, in general, continues to decline and falls below $5100 despite geopolitical tensions and rising oil prices.
As geopolitical tensions persist, gold remains the safe haven for major players. Therefore, any current correction may just be an opportunity for repositioning and buying at lower levels in preparation for the escalation of these tensions.
The 50-EMA moving average on the daily chart acts as a clear rebound area, and as long as gold remains above it, the overall trend remains upward.
#GOLD
#USIranWarEscalation
#IranSuccession
{spot}(PAXGUSDT)
As geopolitical tensions persist, gold remains the safe haven for major players. Therefore, any current correction may just be an opportunity for repositioning and buying at lower levels in preparation for the escalation of these tensions.
The 50-EMA moving average on the daily chart acts as a clear rebound area, and as long as gold remains above it, the overall trend remains upward.
#GOLD
#USIranWarEscalation
#IranSuccession
{spot}(PAXGUSDT)
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