Gold price stands close to the highest level in two weeks
Hello dear friends!
Gold is currently increasing as we predicted yesterday, with a reversal from the EMA 34 and 89 opening up an upward trend. Additionally, gold has received a price boost as news from last night caused the USD to cool down and adopt a defensive stance, helping gold bounce back.
From a technical analysis perspective:
Gold needs to maintain its ability to rise today at the $1800 level in order for the upward momentum to continue. On the other hand, gold prices may face a challenge near the $1860 area (EMA 34 zone), and a deeper decline could reach the round number of $1840 (EMA 89 zone).
What are your thoughts on the price of gold today and in the near future?
Gold is currently increasing as we predicted yesterday, with a reversal from the EMA 34 and 89 opening up an upward trend. Additionally, gold has received a price boost as news from last night caused the USD to cool down and adopt a defensive stance, helping gold bounce back.
From a technical analysis perspective:
Gold needs to maintain its ability to rise today at the $1800 level in order for the upward momentum to continue. On the other hand, gold prices may face a challenge near the $1860 area (EMA 34 zone), and a deeper decline could reach the round number of $1840 (EMA 89 zone).
What are your thoughts on the price of gold today and in the near future?
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Comment:
News just ended, gold showed signs of slight decline
Comment:
Gold price attracts some buying during the Asian session on Friday and seems to have stalled the previous day's retracement slide from the $1,885 region, or over a two-week high
