Hello everyone, it’s great to have you back as we discuss and explore today’s gold price trends.
Gold continues to trade near its highs, moving in line with the BOS (Break of Structure) predictions we discussed yesterday. The precious metal has approached the $2760 resistance level and appears poised to break through at any moment.
This stable rise in gold is largely driven by movements in the US dollar. After a period of gains, the dollar experienced a significant sell-off, pushing gold to its highest levels in nearly three months. Analysts, including Han Tan from Exinity Group, suggest that gold could reach the psychological milestone of $3,000/ounce if President Trump’s policies further boost inflation hedging and demand for safe-haven assets.
What about you? What’s your take on gold’s performance today? Share your thoughts in the comments below, and don’t forget to like if you agree with this outlook!
Wishing you all profitable and enjoyable trading!