XAUUSD
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World gold price is currently trading around 2,320 USD.
“The recent decline in gold prices that we have seen over the past few weeks may be weakening,” one expert noted. US employment data has weakened the USD, creating an opportunity for world gold prices to increase."
According to technical analysis, in the short term, gold's next resistance level is 2,360 USD/ounce and if this threshold is broken, gold could quickly climb to 2,400 USD/ounce.
If gold enters a downtrend, the first support level is 2,280 USD/ounce.
“The recent decline in gold prices that we have seen over the past few weeks may be weakening,” one expert noted. US employment data has weakened the USD, creating an opportunity for world gold prices to increase."
According to technical analysis, in the short term, gold's next resistance level is 2,360 USD/ounce and if this threshold is broken, gold could quickly climb to 2,400 USD/ounce.
If gold enters a downtrend, the first support level is 2,280 USD/ounce.
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