What should you pay attention to in the new week's gold price?
Updated
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Currently, the gold market is trading at $1924 on the exchange. The price of gold is still limited below the important support resistance level at $1,926. However, in the long run, it is believed that the price of gold may increase due to the market's "overreaction to the Fed; inflation not yet ending and economies on the verge of recession, which would be a favorable environment for gold."
Regarding the gold price survey for this week, 49% of retail investors believe that gold will rise, 35% predict a decrease in price, and 15% maintain a neutral stance in the near future.
Currently, the gold market is trading at $1924 on the exchange. The price of gold is still limited below the important support resistance level at $1,926. However, in the long run, it is believed that the price of gold may increase due to the market's "overreaction to the Fed; inflation not yet ending and economies on the verge of recession, which would be a favorable environment for gold."
Regarding the gold price survey for this week, 49% of retail investors believe that gold will rise, 35% predict a decrease in price, and 15% maintain a neutral stance in the near future.
Note
Gold has dropped to the trendline area of 1915 USD
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