The price of gold continues to hold within the support zone of 1700.65. I expect growth as well as in yesterday's forecast. Growth reasons: 1 - strong collapse of the last week (correction is needed). 2 - Strong support area. 3 - additional support line (channel line). I expect the price to rise. The target is 1732.87.
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In February, the world's largest foreign exchange reserves fell for the second month in a row - by $ 5.7 billion, to $ 3.2049 trillion.
I think this is a significant blow to the country's economy
But it takes time to understand how it will affect the golds market.
TradingAlchemist
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i think that inflation will become catalyst that will return gold pricing on rising trend rails
UnknownUnicorn15614419
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Another detailed analysis - thanks! And yet I don’t understand why do you expect rapid growth? Will the price not touch the lower border of the channel?
DeGRAM
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@TradingStat, I expect growth as the price is at a strong support.
Solldy
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On January 9, the zone pushed the price UP very strongly! I expect the price UP to 1957!
I think this is a significant blow to the country's economy