Analyzing Gold Prices in the Upcoming Period

16 Nis

Gold sideway around the $2,385 level in Tuesday's Asian trading session, with expectations of further rising to $2,400. However, diminishing political tensions in the Middle East and upbeat economic data from China are exerting downward pressure on gold prices. Therefore, the current trend is towards correction, possibly testing the SMA 20 area before resuming its upward trajectory.