XAUUSD : Great effort to increase prices
Updated
Are you curious about the next trend in gold?
Today, gold continues to trade around the resistance level of $2042. A short-term uptrend has formed, and the trendline is supporting the upward momentum. However, we need to wait for a breakthrough of the resistance to officially establish a long-term price increase.
At the end of the day, we will have some significant news. If gold can surpass the $2042 level and continue to rise, it could pose a considerable challenge as the metal has struggled to break through this level in the past.
Let's wait and see with Karina!
Today, gold continues to trade around the resistance level of $2042. A short-term uptrend has formed, and the trendline is supporting the upward momentum. However, we need to wait for a breakthrough of the resistance to officially establish a long-term price increase.
At the end of the day, we will have some significant news. If gold can surpass the $2042 level and continue to rise, it could pose a considerable challenge as the metal has struggled to break through this level in the past.
Let's wait and see with Karina!
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