Hello, wonderful friends of Karina!
The price of gold today has remained relatively unchanged, with moments of dipping to $1973 USD but quickly rebounding to around $1980 USD and maintaining stability in this price range.
Based on technical analysis charts: Gold continues to maintain a downward trend, with the EMA 34 line reversing. The support level of $1991 USD has been broken, opening up further opportunities for gold sellers to push the price down.
Currently, gold hasn't made any new breakthroughs, so it's important to closely follow the news regarding the Fed's interest rate announcements scheduled for later today. If this news is beneficial for the US dollar, it won't be surprising to see the price continue its previous downward trend, reaching two significant levels at $1967 USD and potentially even lower at $1957 USD.
What are your thoughts? Do you think gold has a chance of returning to $2000 USD or not?
The price of gold today has remained relatively unchanged, with moments of dipping to $1973 USD but quickly rebounding to around $1980 USD and maintaining stability in this price range.
Based on technical analysis charts: Gold continues to maintain a downward trend, with the EMA 34 line reversing. The support level of $1991 USD has been broken, opening up further opportunities for gold sellers to push the price down.
Currently, gold hasn't made any new breakthroughs, so it's important to closely follow the news regarding the Fed's interest rate announcements scheduled for later today. If this news is beneficial for the US dollar, it won't be surprising to see the price continue its previous downward trend, reaching two significant levels at $1967 USD and potentially even lower at $1957 USD.
What are your thoughts? Do you think gold has a chance of returning to $2000 USD or not?
