From our previous analysis, gold rose after finding a strong support area near 4550.
This new bullish pattern that was finalized today, increased the chances of gold rising further to 4700; 4750 and 4800 are rising further.
Fundamental analysis:
The upward movement in gold today can only be attributed to President Trump. He is still increasing geopolitical tension around the world. Over the weekend, tariffs on eight European countries will increase to 25% if they do not support his purchase of Greenland.
🔴The US president said that the new taxes will apply to France, Germany, the United Kingdom, the Netherlands, Denmark, Norway, Sweden and Finland, and will increase to 25% in June.
His actions are already creating a Geopolitical Crisis.
You may find more details in the chart!
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