Gold continued to rise in the following week! XAU
Updated
Hi trader, Maria would like to share opinion: XAU/USD
The price of gold (XAU/USD) is experiencing a remarkable surge on Friday due to the increasing geopolitical tensions in the Israel-Palestine conflict. Investors are turning to the precious metal as a safe haven during times of uncertainty, while the US dollar (USD) is also strengthening. The XAU/USD is currently being traded at $1,929.20 per troy ounce, showing a gain of over 3% after rebounding from its daily lows of $1,868.69.
Gold price assessment next week: mid-October
SELL entry area: $1952, $1985, $2005
BUY entry area: $1902
The upward trend next week accounts for a very large percentage, war tensions in many areas, helping Gold become a safe investment channel
Good luck everyone $$$, Thank you everyone for reading MARIA's article
The price of gold (XAU/USD) is experiencing a remarkable surge on Friday due to the increasing geopolitical tensions in the Israel-Palestine conflict. Investors are turning to the precious metal as a safe haven during times of uncertainty, while the US dollar (USD) is also strengthening. The XAU/USD is currently being traded at $1,929.20 per troy ounce, showing a gain of over 3% after rebounding from its daily lows of $1,868.69.
Gold price assessment next week: mid-October
SELL entry area: $1952, $1985, $2005
BUY entry area: $1902
The upward trend next week accounts for a very large percentage, war tensions in many areas, helping Gold become a safe investment channel
Good luck everyone $$$, Thank you everyone for reading MARIA's article
Note
At the beginning of the first session of the week, gold prices decreased slightly around the 1920 level
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