Hello dear friends!
Yesterday gold received important information from the speech of the Fed chairman, and gold reacted strongly as prices continue to rise and are currently trading at $1878, achieving our previous target of $1970.
The recovery of the precious metal is supported by the decline of the US dollar (USD) after Fed Powell's cautious comments, and gold has become a safe haven for investors.
From the analysis chart:
The downward trendline has been completely broken, establishing a new upward trend. Currently, gold is operating at a strong resistance level at $1980. If it can break through this resistance level, there is a significant possibility of further price increase. Additionally, the EMA signal is gradually turning bullish, confirming the target price increase. The current support level is at $1945, and Karina has set her targets at $2018, $2035, and finally the peak of $2050.
What about you? What are your goals?