How will gold behave in the near future?
Updated
Hello dear friends! According to you, will gold increase or decrease in the next trend?
Today, gold continues its streak of dull trading days and becomes difficult to predict in terms of trends as it accumulates and performs sideways trading around the resistance level of $2035 and the support level of $2020.
From the technical analysis chart:
Gold is moving within a price range and is likely to undergo a price breakdown. We have two scenarios:
The first scenario: Gold breaks free from the current trend and quickly advances to at least $2050.
The second scenario: Gold breaks free from the current trend and breaks below the support level, quickly reaching a defensive zone that could be around $2005.
According to you, where do you think gold will go? Please comment with your opinion!
Today, gold continues its streak of dull trading days and becomes difficult to predict in terms of trends as it accumulates and performs sideways trading around the resistance level of $2035 and the support level of $2020.
From the technical analysis chart:
Gold is moving within a price range and is likely to undergo a price breakdown. We have two scenarios:
The first scenario: Gold breaks free from the current trend and quickly advances to at least $2050.
The second scenario: Gold breaks free from the current trend and breaks below the support level, quickly reaching a defensive zone that could be around $2005.
According to you, where do you think gold will go? Please comment with your opinion!
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