Alexia_Putellas

Gold passes on the day

Alexia_Putellas Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Dear friends, escaping the price hike channel that has led to discounted products, we are currently facing a prolonged sideways trend.

GOLDEN INFORMATION:
The ongoing Israel-Hamas conflict still exists for investors, but even that cannot help gold prices surpass the $2,000/ounce threshold. It is precisely because gold prices cannot break through this crucial level that market sentiment has become cautious.

Currently, gold prices are being hindered by the $2,000/ounce mark. If gold prices can consolidate in the near future, precious metal prices could reach an all-time high.

Alexia's personal opinion:

Gold prices have not fluctuated much at the beginning of the week, continuing to move sideways around the $1,970 - $2,000 range.

What are your thoughts? Do you agree with Alexia?
Trade active
Comment:
As expected after reaching the resistance level, it has been reduced currently trading at 1984 USD
Trade closed: target reached
Comment:
Comment:
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