Where will the gold price go this week?
Hello dear friends, let's explore the price of gold for the new week with Karina!
Gold prices opened the week's session and traded relatively stable at around $2043. On the analysis chart, gold is still in a downward trend, but selling pressure is gradually weakening as gold shows some signs of upward movement with a support level near $2035. Overall, in the short and medium term, the possibility of a price decline seems to be limited as long as the precious metal maintains its fundamental level of $2030.
Speaking about upcoming trends: Gold is heavily influenced by market news, and inflation data this week will be crucial. Therefore, it is important to closely monitor and grasp these updates to have a clearer view of the upcoming strong increases or decreases in gold.
Gold prices opened the week's session and traded relatively stable at around $2043. On the analysis chart, gold is still in a downward trend, but selling pressure is gradually weakening as gold shows some signs of upward movement with a support level near $2035. Overall, in the short and medium term, the possibility of a price decline seems to be limited as long as the precious metal maintains its fundamental level of $2030.
Speaking about upcoming trends: Gold is heavily influenced by market news, and inflation data this week will be crucial. Therefore, it is important to closely monitor and grasp these updates to have a clearer view of the upcoming strong increases or decreases in gold.
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