Analysis:
Recent Trend: The price has shown a clear rally after a period of consolidation between 0.8440 and 0.8510. After testing the lower bound near 0.8440, there was a significant breakout above 0.8510, leading to a sharp upward movement, peaking around 0.8574.
Support & Resistance:
Support: 0.8470 - The previous consolidation area and where the price...
Gold Market Analysis: February 2024
Current Trends and Historical Context
As of February 14th, 2024, the price of gold stands at $1,980 per ounce. This marks a significant journey in the recent months of the gold market. Earlier this year, gold experienced a substantial rally, reaching an impressive high of $2,482. This peak was driven by a variety of factors,...
