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The price of gold continues to maintain a positive upward trend, reaching around $2,033. The precious metal is benefiting from the overall weakening of the US dollar due to the monetary policy announcement by the Federal Reserve.
The current resistance level for buyers is still at $2,037, which has not been broken yet. It is important to maintain a strong price above the support level of $2,015 if we want to continue to see support for further increases in price.
The price of gold continues to maintain a positive upward trend, reaching around $2,033. The precious metal is benefiting from the overall weakening of the US dollar due to the monetary policy announcement by the Federal Reserve.
The current resistance level for buyers is still at $2,037, which has not been broken yet. It is important to maintain a strong price above the support level of $2,015 if we want to continue to see support for further increases in price.
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Comment:
Gold price decreased as expected and reached the support level as analyzed
