Gold promises high prices in the future
Updated
Selena hello dear friends! Let's learn with Selena about the market today.
Currently, at the end of the trading week, gold has reached a level of $1925. The highlight of the gold market last week was the Federal Reserve's decision to keep interest rates unchanged in that meeting. However, gold still maintains its strong recovery level at a high price from the previous drop, around $1900.
From a technical standpoint:
Currently, gold is forming an upward trendline, and the price may retreat within a narrow range of $1917-$1921 per ounce and continue to rise towards $1935 and $1945 in the foreseeable future.
Currently, at the end of the trading week, gold has reached a level of $1925. The highlight of the gold market last week was the Federal Reserve's decision to keep interest rates unchanged in that meeting. However, gold still maintains its strong recovery level at a high price from the previous drop, around $1900.
From a technical standpoint:
Currently, gold is forming an upward trendline, and the price may retreat within a narrow range of $1917-$1921 per ounce and continue to rise towards $1935 and $1945 in the foreseeable future.
Note
good luck everyoneNote
How do you feel about gold prices in the near future? Comment to let Selena know what you think!Note
Ready to trade for the new weekNote
The bullish trend in gold prices was evident last week when despite rising bond yields and the USD, gold remained very resilient.Note
Gold has fallen into the technical indicator zoneNote
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