Gold on the way to 1960 USD

Hello traders! Gold prices are continuing to rise as newly released data suggests a cooling labor market and a slowing US economy. Currently, the price of gold is trading around $1945 per ounce, with a target of reaching $195x.

The trading of gold on the 34 and 89 EMA lines indicates signs of price increase during this period.

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good luck everyone

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At the time of the survey, DXY measures greenback volatility with 6 major currencies (EUR, JPY, GBP, CAD, SEK, CHF) down another 0.11%, to 103.05.

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Gold is going in the right direction

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According to Kitco News's latest weekly gold survey, more than two-thirds of retail investors expect this precious metal commodity to increase.