Selena hello dear friends! Let's learn with Selena about the market today.
Currently, at the end of the trading week, gold has reached a level of $1925. The highlight of the gold market last week was the Federal Reserve's decision to keep interest rates unchanged in that meeting. However, gold still maintains its strong recovery level at a high price from the previous drop, around $1900.
From a technical standpoint:
Currently, gold is forming an upward trendline, and the price may retreat within a narrow range of $1917-$1921 per ounce and continue to rise towards $1935 and $1945 in the foreseeable future.
Currently, at the end of the trading week, gold has reached a level of $1925. The highlight of the gold market last week was the Federal Reserve's decision to keep interest rates unchanged in that meeting. However, gold still maintains its strong recovery level at a high price from the previous drop, around $1900.
From a technical standpoint:
Currently, gold is forming an upward trendline, and the price may retreat within a narrow range of $1917-$1921 per ounce and continue to rise towards $1935 and $1945 in the foreseeable future.
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good luck everyone
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How do you feel about gold prices in the near future? Comment to let Selena know what you think!
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Ready to trade for the new week
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The bullish trend in gold prices was evident last week when despite rising bond yields and the USD, gold remained very resilient.
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Gold has fallen into the technical indicator zone
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