Gold increased rapidly, approaching the 2000 USD area
Updated
Hello dear friends! Gold prices followed Karina's analysis from yesterday, quickly rising to the 2006 USD area but were pushed back when approaching the resistance zone at 2010 USD. At the start of today's trading session, gold was trading at 1996.
We can see that the USD is weakening, which supports gold. However, on our 4-hour chart today, a corrective price decline may still occur as gold is moving far away from the 34 and 89 EMAs. Despite this, the potential for long-term price increases remains intact.
As for today, Karina recommends a Sell strategy. What about you?
We can see that the USD is weakening, which supports gold. However, on our 4-hour chart today, a corrective price decline may still occur as gold is moving far away from the 34 and 89 EMAs. Despite this, the potential for long-term price increases remains intact.
As for today, Karina recommends a Sell strategy. What about you?
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