Samson-FX

Hot market for gold sellers

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Samson-FX Diupdate   
OANDA:XAUUSD   Emas / Dollar A.S.
Dear friends, Crude oil prices are forecasted to potentially increase to $150 per barrel. Global inflation is likely to rise to 6.7% in 2024.

Instability can quickly push up the price of gold. However, in the short term, gold is facing pressure from a strengthening US dollar.

At the time of writing, Gold is trading below the $2000 mark, currently trading around $1991. It is expected that Gold will rise to $2000 in the near future due to the stability of the trend on the 1-hour timeframe. The short-term target for investors selling gold would be the support level at $1985, after which the upward trend will continue. What about you? Do you agree with me?
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