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Gold price today is still supported to increase !

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Hello everyone! What do you expect from the gold price today, let's discuss today's strategy?

Yesterday XAUUSD did not change much compared to yesterday's trading session, fluctuating around $2656, down 0.1% due to lack of new bullish momentum.

Although it is under some short-term pressure due to the strength of the USD, the situation in the Middle East is gradually strengthening, promoting the demand for safe-haven gold.

Besides, there is still positive potential for further appreciation of XAUUSD, as it is still in an unbroken upward channel. A break of $2660 will not see significant resistance until $2670.

What do you think?

Feragatname

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