Hello dear friends!
Yesterday gold received important information from the speech of the Fed chairman, and gold reacted strongly as prices continue to rise and are currently trading at $1878, achieving our previous target of $1970.
The recovery of the precious metal is supported by the decline of the US dollar (USD) after Fed Powell's cautious comments, and gold has become a safe haven for investors.
From the analysis chart:
The downward trendline has been completely broken, establishing a new upward trend. Currently, gold is operating at a strong resistance level at $1980. If it can break through this resistance level, there is a significant possibility of further price increase. Additionally, the EMA signal is gradually turning bullish, confirming the target price increase. The current support level is at $1945, and Karina has set her targets at $2018, $2035, and finally the peak of $2050.
What about you? What are your goals?
Yesterday gold received important information from the speech of the Fed chairman, and gold reacted strongly as prices continue to rise and are currently trading at $1878, achieving our previous target of $1970.
The recovery of the precious metal is supported by the decline of the US dollar (USD) after Fed Powell's cautious comments, and gold has become a safe haven for investors.
From the analysis chart:
The downward trendline has been completely broken, establishing a new upward trend. Currently, gold is operating at a strong resistance level at $1980. If it can break through this resistance level, there is a significant possibility of further price increase. Additionally, the EMA signal is gradually turning bullish, confirming the target price increase. The current support level is at $1945, and Karina has set her targets at $2018, $2035, and finally the peak of $2050.
What about you? What are your goals?
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