Gold price outlook today.
Updated
Brian greets everyone! Today, we can see that gold has unexpectedly turned downwards and is currently trading at $1920.
However, on the 4-hour chart, the metal is still within an upward trend, with a strong support level at $1915. Therefore, there is still a possibility of gold continuing to rise.
However, on the 4-hour chart, the metal is still within an upward trend, with a strong support level at $1915. Therefore, there is still a possibility of gold continuing to rise.
Note
Gold has hit resistance and returned to the price level of 1923 USDNote
good luckNote
The DXY index (which measures the greenback's fluctuations against six major world currencies) traded at 105.4 points.Note
In terms of gold price predictions, Brian believes that the price of this precious metal may retreat within a narrow range of $1,925-$1,916 per ounce, as it has failed to break through the resistance zone of $1,933-$1,935 per ounce.
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