Hello smart traders! Currently, the gold market is showing signs of decline due to the surge in the US dollar.
It can be observed that after surpassing the resistance level of $1938, gold experienced a sharp drop and reached its lowest price in the past week. However, there are still no signs of it stopping. The next target for gold will be at $1915 and there is a high possibility that it may return to the $1900 mark before experiencing a new breakthrough in either direction.
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.