Gold tested the rising channel and rebounded violently

Updated
Dear friends, At the time of writing, Gold is still experiencing a good increase without much fluctuation compared to yesterday's trading session, currently trading around $1947. It is expected that the price of Gold will continue to rise to $1980, with a slight downward adjustment in the near future to around $1930, reaching the limit of the price channel starting at a low of $1855.

What are your thoughts on the future price of Gold?
Trade active
Comment
Global inflation may increase to 6.7% in 2024, much higher than the 5.8% forecast of the International Monetary Fund (IMF). This will be a good environment to help yellow soar.
Comment
Gold continues to follow the buffalo market
Trade closed: target reached
Comment
Gold increased sharply, booming in the 4h frame
ForexGoldHarmonic PatternsTechnical IndicatorsintradaytradelongsetupoptionsstrategiessignalsTechnical AnalysisTrend AnalysisXAUUSD

Related publications

Disclaimer