Gold continues to increase strongly
Updated
Escaping the flag signal model has resulted in a significant increase in the price of the product. The price of precious metals remains stable at a high level due to increasing risk aversion in the context of ongoing conflicts in the Middle East.
At the time of writing, the Gold market is trading at $1993, and the upward momentum of gold has been curbed following better-than-expected US economic reports.
Therefore, the market is eagerly awaiting the decision at the upcoming meeting of the Federal Reserve. For this reason, Gold sellers will continue to sell until there are any developments that cause it to rise again, with an expected increase to $2050.
At the time of writing, the Gold market is trading at $1993, and the upward momentum of gold has been curbed following better-than-expected US economic reports.
Therefore, the market is eagerly awaiting the decision at the upcoming meeting of the Federal Reserve. For this reason, Gold sellers will continue to sell until there are any developments that cause it to rise again, with an expected increase to $2050.
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