Dear friends, today Gold continues to rise strongly due to its close relationship with the rapidly increasing oil prices. The price of Brent crude has reached over $92 per barrel, while WTI crude has surpassed the $88 per barrel mark.
At the time of writing, Gold is trading around $1948 - $1950. It can be seen that Gold is trading relatively calmly with a stable accumulation level. It is expected that the price of Gold will increase to $1980 in the near future, thanks to the stable trend on the 1-hour timeframe.
What are your thoughts on the future of Gold?
At the time of writing, Gold is trading around $1948 - $1950. It can be seen that Gold is trading relatively calmly with a stable accumulation level. It is expected that the price of Gold will increase to $1980 in the near future, thanks to the stable trend on the 1-hour timeframe.
What are your thoughts on the future of Gold?
Trade active
Trade closed: target reached
Gold achieved target 1980 USD yesterdayNote
Note
Gold tests for psychological levels have been broken, but this is considered the motivation for gold next week. What do you think, if gold direction increases to $ 2100?
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.