Gold price approaches important resistance level
Gold price, after overcoming the resistance zone at $2,050/oz, continued to increase in the trading session after the Christmas holiday to $2,065/oz, thanks to the weakness of the US dollar.
This week, gold prices will likely stabilize around current levels, due to the lack of important economic data. However, if the war situation in the Red Sea continues to escalate, gold prices may continue to increase sharply.
This week, gold prices will likely stabilize around current levels, due to the lack of important economic data. However, if the war situation in the Red Sea continues to escalate, gold prices may continue to increase sharply.
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