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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