Gold price this week: Expected peak of 2055 USD?
Greetings to all dear colleagues, let's delve into and strategize for XAUUSD this week together!
As the trading session kicks off, gold is showing remarkable stability, priced around $2033, virtually unchanged from its last closing figure of $2035.
Looking into the forecast:
From a technical analysis standpoint: The Bollinger Bands are highlighting two noteworthy levels for the coming period, with a potential peak at $2055 and a support level at $1990.
Regarding market news:
The European Central Bank's steadfast stance on interest rate cuts and the substantial allocation of the Euro may exert pressure on the USD. This scenario is expected to positively influence gold prices, as the interest rate adjustment period nears its end, potentially pushing gold to close the week around $2050.
What are your thoughts? Do you anticipate gold will ascend or descend further?
As the trading session kicks off, gold is showing remarkable stability, priced around $2033, virtually unchanged from its last closing figure of $2035.
Looking into the forecast:
From a technical analysis standpoint: The Bollinger Bands are highlighting two noteworthy levels for the coming period, with a potential peak at $2055 and a support level at $1990.
Regarding market news:
The European Central Bank's steadfast stance on interest rate cuts and the substantial allocation of the Euro may exert pressure on the USD. This scenario is expected to positively influence gold prices, as the interest rate adjustment period nears its end, potentially pushing gold to close the week around $2050.
What are your thoughts? Do you anticipate gold will ascend or descend further?
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