Gold update and analysis today
Updated
Hello dear friends!
At the end of the last week's session, gold increased significantly to a high level of 1932 USD with the screen breaking from the downtrend.
Today, when starting a new trading week, gold will have the potential to decrease slightly when checking the breakthrough, currently trading at 1919 USD - 1918 USD. However, the global situation tends to continue supporting the price increase of gold, so it is likely that we will soon witness new prices higher in the near future.
At the end of the last week's session, gold increased significantly to a high level of 1932 USD with the screen breaking from the downtrend.
Today, when starting a new trading week, gold will have the potential to decrease slightly when checking the breakthrough, currently trading at 1919 USD - 1918 USD. However, the global situation tends to continue supporting the price increase of gold, so it is likely that we will soon witness new prices higher in the near future.
Trade active
Note
Note
431 retail investors, equivalent to 72%, expected gold will increase in the near future. 106 others, equivalent to 18%, predicted that gold price would decrease, only the remaining 58, equivalent to 10%, said that the gold price would go sideways.Note
Falling US Treasury bond yields, a weakening USD and geopolitical uncertainties continue to be factors driving gold's rise.Note
Trade closed: target reached
Note
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