Hello dear friends!
Today, the price of gold is trading around $2060 and the US dollar is strengthening, but the global price of gold remains relatively high. This indicates a significant demand for this commodity. In Asia, some countries are in a peak period of gold consumption, such as India and China.
The current support level is $2052 and gold is likely forming a head and shoulders pattern. In this scenario, the current support level is likely to be broken, and this metal may regain momentum and retest the trend at $2032.
What do you think, how will gold move?
Today, the price of gold is trading around $2060 and the US dollar is strengthening, but the global price of gold remains relatively high. This indicates a significant demand for this commodity. In Asia, some countries are in a peak period of gold consumption, such as India and China.
The current support level is $2052 and gold is likely forming a head and shoulders pattern. In this scenario, the current support level is likely to be broken, and this metal may regain momentum and retest the trend at $2032.
What do you think, how will gold move?
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