Gold prices fluctuate in a narrow range
Updated
Currently, gold prices are said to be "stuck" in a medium-term correction cycle, while the long-term price chart and macro fundamentals still support this safe-haven metal's price increase after the correction. Adjustment lasting 6 weeks ends.
According to Kitco's latest survey, with 12 Wall Street analysts suggesting that price fluctuations are unlikely in the short term, only 17% of experts believe that the price of this precious metal will decrease, while the proportion forecast increases and decreases. equal at 42%.
World gold prices have increased more than 27% this year, reaching a record high after the Fed loosened interest rates and geopolitical tensions escalated.
According to the assessment of head of foreign exchange Christopher Vecchio at Tastylive, the long-term outlook for gold is still positive. If it overcomes the resistance level of 2,725 USD/ounce, gold prices could experience a fierce increase.
🔥
XAUUSD BUY 2636 2634🔥
💵 TP1: 2645
💵 TP2: 2655
💵 TP3: OPEN
🚫 SL: 2628
According to Kitco's latest survey, with 12 Wall Street analysts suggesting that price fluctuations are unlikely in the short term, only 17% of experts believe that the price of this precious metal will decrease, while the proportion forecast increases and decreases. equal at 42%.
World gold prices have increased more than 27% this year, reaching a record high after the Fed loosened interest rates and geopolitical tensions escalated.
According to the assessment of head of foreign exchange Christopher Vecchio at Tastylive, the long-term outlook for gold is still positive. If it overcomes the resistance level of 2,725 USD/ounce, gold prices could experience a fierce increase.
🔥
XAUUSD BUY 2636 2634🔥💵 TP1: 2645
💵 TP2: 2655
💵 TP3: OPEN
🚫 SL: 2628
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