Gold Price: Will It Continue to Soar or Plateau?
Hello everyone, it's Alisa here. Today, let's analyze the gold price together! Will it rise or fall?
The gold market has experienced a highly volatile week with unpredictable developments. Pressure from geopolitical tensions and U.S. economic data caused gold prices to fluctuate. However, a wave of hope regarding the Fed adjusting its monetary policy helped gold recover strongly by the end of the week. The upward momentum has continued into the start of this week and is expected to maintain its stability in the new week.
Looking at the technical chart, gold is hovering around the 2,664 level. The price of this metal remains in an uptrend. With support at 2,645, gold is expected to be supported and rise, breaking through the key resistance level of 2,663 and aiming for a new target.
This is my thought, what about you? What do you think?
The gold market has experienced a highly volatile week with unpredictable developments. Pressure from geopolitical tensions and U.S. economic data caused gold prices to fluctuate. However, a wave of hope regarding the Fed adjusting its monetary policy helped gold recover strongly by the end of the week. The upward momentum has continued into the start of this week and is expected to maintain its stability in the new week.
Looking at the technical chart, gold is hovering around the 2,664 level. The price of this metal remains in an uptrend. With support at 2,645, gold is expected to be supported and rise, breaking through the key resistance level of 2,663 and aiming for a new target.
This is my thought, what about you? What do you think?
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