How will the gold price move today?

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Dear beloved friends, Currently, gold is maintaining a stable trading level around $2,032 over the past half day. So, what is the next trend for this precious metal?

Gold experienced significant volatility yesterday, with a strong surge of nearly $60. The price has now completely ended the previous downward trend and has started moving sideways on the 1-hour chart. The immediate resistance level that needs to be broken is $2,037 if the buying side wants to continue pushing the price higher.

On the other hand, the price could still undergo a slight correction towards the 0.618 Fibonacci retracement level, which is around $2,015, after breaking out of the box to consolidate the upward momentum!

What about you? Do you think gold can continue to rise in price or not?
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