Warm greetings to all splendid friends, let's explore today's gold prices together!
Currently, gold is hovering around $2031, marking a slight decrease of nearly $4 from the last closing on Friday. It's evident that after a significant uptick, gold is undergoing a correction, moving towards approximately $2030—a new support level established after breaking through the prior resistance.
As for today's strategy and looking ahead: I'm optimistic about purchasing gold, observing that the correction phase seems to be concluding. In the short term, the EMA 34 and 89 lines continue to support an upward trend, making the strategy to buy highly favorable.
Wishing everyone a smooth trading week ahead!
Currently, gold is hovering around $2031, marking a slight decrease of nearly $4 from the last closing on Friday. It's evident that after a significant uptick, gold is undergoing a correction, moving towards approximately $2030—a new support level established after breaking through the prior resistance.
As for today's strategy and looking ahead: I'm optimistic about purchasing gold, observing that the correction phase seems to be concluding. In the short term, the EMA 34 and 89 lines continue to support an upward trend, making the strategy to buy highly favorable.
Wishing everyone a smooth trading week ahead!
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