Market never lies. So do our Blog Posts. Gold hits our 6 Profit Targets out of 10.

In our post dated 29th of January’ 2024, we wrote, “During periods of economic uncertainty or geopolitical unrest, gold emerges as a safe-haven asset. The positive effect on gold prices is notable as global tensions increase. Traders looking to protect their wealth find gold an attractive option, making it essential to consider market conditions before making investment decisions. If Spot Gold is closing above 2,029.70 and staying above this critical level and its high is taken out, then we would have long positions and our profit targets would be as given below:

2,059.7
2,080.1
2,109.1
2,128.4
2,146.1
2,166.1
2,200.5
2,279.7
2,353.7
2,504.1″

Considering the spot price of gold and its historical growth rate, projections suggest a potential increase in value. As of January 26, 2024 at the time of writing the previous blog post on spot gold, the spot price for Gold (#xauusd) stood at $2,018.5 per ounce, with an annual growth rate of 11.2%. If this trend continues, an ounce of gold could be worth about $3,441 in five years as per our proprietary analysis.

✌️ Exactly as per our Blog Post about Gold vs USD on Spot Gold 📈 dated 29.01.2024, XAUUSD (Spot Gold) has hit 6 of our set Profit Targets 💰 out of 10. Four more to hit. Spot Gold price, at the time of the Blog Post, was 2,018.5.

XAUUSD (#SpotGold) has hit 6 of our set Profit Targets 💰. It hits our set Profit Targets as below:

1. 2,059.7 on March 1st, 2024

2. 2,080.1 on March 1st, 2024

3. 2,109.1 on March 4th, 2024

4. 2,128.4 on March 5th, 2024

5. 2,146.1 on March 6th, 2024✅ and

6. 2,166.1 on March 8th, 2024.

Total Profit out of this move so far, as of today at the time of writing this blog post, is a staggering 1,610 pips. With an investment of $1 per pip, this is a profit of $1,610 and with an investment of $10 per pip, this is a profit of $16,100 within a span of 30 trading days .

With N P Financials, trading is not just about transactions; it’s about embarking on a journey towards financial empowerment. We are here, through every possible communication channel, to guide, support, and celebrate your trading endeavours. Your journey towards striking gold in the trading realm is a venture we are excited to be a part of. Your financial odyssey towards trading smarter and stronger begins with a click. So, are you ready to set sail with N P Financials?

We are always there to support you, when you need it the most, either through Contact Us, Email, Live Chat, Landline phone, Mobile phone, WhatsApp, Messenger, SMS, Telegram and Discord.

N P Financials Pty Ltd

Level 3, 2 Brandon Park Drive
Wheelers Hill, Victoria 3150

Phone: +61 3 9790 6476

email: info@npfinancials.com.au

👉 Share this post on your social media

Written by

Partha

Partha Banerjee is the Founder, Principal Trader, and Director of N P Financials Pty Ltd, one of Australia’s most respected ASIC-regulated proprietary trading and trader-training firms and an AFSL holder. With decades of experience across multiple market cycles, Partha is known for his disciplined, structure-first trading approach, grounded in transparency, risk management, and real-market execution.

He actively trades the same strategies he teaches, specialising across Forex, Equities, Commodities, Indices, Cryptocurrencies, and intraday markets. Under his leadership, N P Financials has become a globally recognised trading education and proprietary trading organisation, earning multiple national and international awards for regulatory excellence, educational depth, and long-term trader outcomes.