Gold price continues the rising momentum!Hello traders,
Today, gold has paused its trading activities, but a quick glance at the analysis chart reveals that the long-term uptrend has returned as expected.
The precious metal surged above $2400, driven by strong momentum on Friday. The Bollinger Band indicator shows that gold has moved above the upper limit of the band, establishing $2375 as the new support level.
Looking ahead to next week, the outlook remains bullish with a target of $2500 in sight, and the strategy of buying in line with the trend is highly regarded.
What do you think about the next trend for gold?