In the short term, gold still shows a strong bullish trend. At the start of today's session, prices experienced a downward gap, but recovered again as soon as the Asian session market began trading.
Gold may continue to rise to record highs this week as well. before creating new trends.
The current scalping trend is to sell on entries announced on the chart. Close your winnings aggressively when it is safe to do so.
Looking at gold prices over the long term, analysts say that despite buying into safe-haven assets amid concerns about geopolitical tensions that helped push gold prices back towards $2,000. remains bullish on precious metals. /oz, is gradually disappearing. Many say expectations for interest rate changes as inflation subsides, the need to buy gold from central banks, and concerns about a near-term recession will provide solid support for gold. This week, the US Federal Reserve will release the minutes of its last monetary policy meeting. But experts say the gold market is no longer focused on this moment as investors focus on the timing of a rate cut.
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