Geopolitical tensions contribute to the increase in gold prices

Nov 30

By examining the trend in the four-hour time frame, gold has an important support of $2,612, and now, considering the high rate of moving averages of the ALLIGATOR indicator, there is a possibility of a price increase. Overall, the scenario is reinforced that gold can climb up to the $2,718 resistance provided it holds above the $2,612 support.