What's changed in the gold price in the new week?
Updated
Hello, let's analyze today's gold price!
In the chart, although gold on Friday had a strong recovery of nearly 300 pips, in the long term it is still in a downtrend with the price channel remaining stable.
Regarding the target and upcoming direction: From technical analysis, I expect the price to decrease more after the adjustment reaches the upper limit of the price channel.
The target is 2280 USD.
And you, what are your thoughts, do you think gold will increase or decrease this week?
In the chart, although gold on Friday had a strong recovery of nearly 300 pips, in the long term it is still in a downtrend with the price channel remaining stable.
Regarding the target and upcoming direction: From technical analysis, I expect the price to decrease more after the adjustment reaches the upper limit of the price channel.
The target is 2280 USD.
And you, what are your thoughts, do you think gold will increase or decrease this week?
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