Gold tested the rising channel and rebounded violently

Long

Gold Spot / U.S. Dollar (OANDA:XAUUSD)

Updated

OANDA:XAUUSD Gold Spot / U.S. Dollar

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Dear friends, At the time of writing, Gold is still experiencing a good increase without much fluctuation compared to yesterday's trading session, currently trading around $1947. It is expected that the price of Gold will continue to rise to $1980, with a slight downward adjustment in the near future to around $1930, reaching the limit of the price channel starting at a low of $1855.

What are your thoughts on the future price of Gold?

Trade active

Comment:

Global inflation may increase to 6.7% in 2024, much higher than the 5.8% forecast of the International Monetary Fund (IMF). This will be a good environment to help yellow soar.

Comment:

Gold continues to follow the buffalo market

Trade closed: target reached

Comment:

Gold increased sharply, booming in the 4h frame

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