Gold waits for a breakthrough
Dear friend, what do you think about the trend of Gold?
Today, the price of gold is at its highest level in many days, reaching $2,030 before the Fed's minutes. The US dollar remains weak against the interest rate of the US Treasury, despite the gloomy risk sentiment.
My target after a slight decline in the gold price towards the support level of $2019 (which coincides with the convergence of EMA 34 and 89) will be an increase with a target of $2031, followed by a breakthrough and reaching the final target of $2044.
What are your thoughts? Good luck with your trading!
Today, the price of gold is at its highest level in many days, reaching $2,030 before the Fed's minutes. The US dollar remains weak against the interest rate of the US Treasury, despite the gloomy risk sentiment.
My target after a slight decline in the gold price towards the support level of $2019 (which coincides with the convergence of EMA 34 and 89) will be an increase with a target of $2031, followed by a breakthrough and reaching the final target of $2044.
What are your thoughts? Good luck with your trading!
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