🧈 Gold a chance to continue increases 🧈

🧈 Gold a chance to continue increases

🧈 Friday brought a cooling of the positive sentiment on gold following the US unemployment data.

🧈 After yesterday's U.S. unemployment data, we saw that unemployment rose by 0.3% to 3.8%, while the market expected unemployment to remain at the current level of 3.5%.

🧈 This caused the dollar to react sharply towards appreciation.

🧈 As for now, the prospect of rising/maintaining high inflation in the United States and the imminent prospect of an interest rate cut is causing a flight of capital to gold. Which in the current situation is the ideal option for investors in the prospect of appreciation.

🧈 Looking technically, we have landed on a support level near $1936.

🧈 So far, there is no indication that this uptrend will end in the near future.

🧈 I am currently bullish on the upward trend of the gold price in the future

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