What's notable about the weekend gold price?
Hello fellow traders, let's summarize last week's gold price and discuss strategies for the new week!
Gold price today temporarily closed at nearly 2039 USD. It can be seen that gold experienced quite a lot of fluctuations last week and surprised us when the market received a lot of important news, including the strong US non-farm payrolls report. Accordingly, gold prices sometimes dropped to near 2018 USD but quickly adjusted and sometimes increased as high as 2066 USD.
However, the main trend of gold is still sideways because it is still limited by two main thresholds marked on the chart.
In terms of prospects, gold in the new week and the coming time still has many opportunities to reverse and continue to increase in price when the Chinese economy weakens and the USD in the market faces many disadvantages. Support around the 2015 USD area continues and the studio point is strong among buyers. In the opposite case, breaking the resistance around 2060 USD will open up opportunities for bulls to push prices higher and continue their goal of setting a record for 2024.
Wish you happy weekend!
Gold price today temporarily closed at nearly 2039 USD. It can be seen that gold experienced quite a lot of fluctuations last week and surprised us when the market received a lot of important news, including the strong US non-farm payrolls report. Accordingly, gold prices sometimes dropped to near 2018 USD but quickly adjusted and sometimes increased as high as 2066 USD.
However, the main trend of gold is still sideways because it is still limited by two main thresholds marked on the chart.
In terms of prospects, gold in the new week and the coming time still has many opportunities to reverse and continue to increase in price when the Chinese economy weakens and the USD in the market faces many disadvantages. Support around the 2015 USD area continues and the studio point is strong among buyers. In the opposite case, breaking the resistance around 2060 USD will open up opportunities for bulls to push prices higher and continue their goal of setting a record for 2024.
Wish you happy weekend!
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done target 1 guys
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