Hello wealthy and intelligent friends!
Today, gold is showing clear signs of recovery, with prices fluctuating around $1,851 per ounce and not experiencing much change compared to the morning trading session.
After witnessing continuous price declines for several days, it seems that gold has regained its prospects for an increase in value. By using the Fibonacci tool, a perfect recovery level can be reached at $1,870 and even higher at $1,885 per ounce.
This week, we will have news about the USD on Wednesday and Thursday, so it is likely that after gold rises to the indicator level, this precious metal will undergo another test of decline before the direction of gold becomes clear.
If you find this article interesting and useful, please leave a like and follow to receive the latest updates!
Today, gold is showing clear signs of recovery, with prices fluctuating around $1,851 per ounce and not experiencing much change compared to the morning trading session.
After witnessing continuous price declines for several days, it seems that gold has regained its prospects for an increase in value. By using the Fibonacci tool, a perfect recovery level can be reached at $1,870 and even higher at $1,885 per ounce.
This week, we will have news about the USD on Wednesday and Thursday, so it is likely that after gold rises to the indicator level, this precious metal will undergo another test of decline before the direction of gold becomes clear.
If you find this article interesting and useful, please leave a like and follow to receive the latest updates!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.