After holding firm at the support level around $3,250 per ounce, gold is on track to end this shortened trading week with a notable gain. This is an encouraging sign for investors, highlighting that gold’s appeal remains strong despite recent volatility.
The recent sell-off was not entirely unexpected, as the market recalibrates its interest rate expectations. However, the long-term bullish trend for gold remains intact, even as the price consolidates within a narrow range.
The recent sell-off was not entirely unexpected, as the market recalibrates its interest rate expectations. However, the long-term bullish trend for gold remains intact, even as the price consolidates within a narrow range.
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✅ Suitable for both beginners and experienced traders
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.