According to our analysis, the price of gold is expected to rise significantly, reaching a target of 2350 in the near future. Our previous prediction about gold proved accurate, as it achieved a gain of 1700 pips and successfully reached our target.
Currently, gold is trading at a high price, indicating a bullish trend. This upward movement is attributed to various fundamental factors, including the recent earthquake in America. It is important to note that gold is likely to establish new levels of resistance and support. Therefore, it is not advisable to initiate sell trades on gold, as it is expected to continue making new highs with minor retracements.
Please note that this information is provided for professional purposes and should be considered in your investment decisions.