Gold price continues the new peak detector

4 days agoGold price increased sharply at the end of the 6th session, peaking at $ 2578 before slight adjustments. USD weakened and reduced bond yields have supported new record gold. The market is increasingly expecting a strong move from the Fed, pushing the USD to the lowest level this year.

Technically, gold broke the $ 2525 resistance and was gently adjusted to confirm the new peak. Gold also needs to check the EMA 34, 89, so it is likely to adjust short -term decreases before the trend of increasing continues.