Hi, dear friends, nice to meet you in the game to transfer gold price today!
On the fourth day, Gold carried out a strong weakness, the price reached the psychological level of $ 2000 but made the adjustment again and lasted to this day.
The precious metal is currently trading around US $ 2022 and is close to Fibonacci's 0.5 - 0.618 regression, so the prospect of this precious metal is still high.
However, if it can overcome that regression level and overcome the temporary resistance level at 2033 USD it can open for gold more and more strongly recovering opportunities with the contribution from stress. Political escalation will push high risks globally.
The economies will continue to suffer from inflation pressure due to goods deficiency. This will make the global economy difficult to recover as expected, so they will boost gold to make profits and prevent risks for capital flows. The forecast of gold price has increased sharply, when stress has not ended.
In your opinion, how will gold move in the near future?
On the fourth day, Gold carried out a strong weakness, the price reached the psychological level of $ 2000 but made the adjustment again and lasted to this day.
The precious metal is currently trading around US $ 2022 and is close to Fibonacci's 0.5 - 0.618 regression, so the prospect of this precious metal is still high.
However, if it can overcome that regression level and overcome the temporary resistance level at 2033 USD it can open for gold more and more strongly recovering opportunities with the contribution from stress. Political escalation will push high risks globally.
The economies will continue to suffer from inflation pressure due to goods deficiency. This will make the global economy difficult to recover as expected, so they will boost gold to make profits and prevent risks for capital flows. The forecast of gold price has increased sharply, when stress has not ended.
In your opinion, how will gold move in the near future?
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