Gold Prices Expectation for Next Week
An hourly close above the dotted line at 2706 today is crucial to confirm this week's momentum, following the breakout above the 2641 and 2687 resistance levels. This would pave the way for the next hourly target at 2739 and the daily target at 2748.
Short-term investors and traders may find this phase ideal for profit-taking. However, a close below 2706 next week would signal a bearish short-term outlook, potentially driving gold down toward $2500
Short-term investors and traders may find this phase ideal for profit-taking. However, a close below 2706 next week would signal a bearish short-term outlook, potentially driving gold down toward $2500
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