Hello everyone, let's learn about gold prices today.
At the end of the trading session on May 15, gold increased by 27 USD, reaching 2,385 USD. During the trading session, at one point the gold price reached $2,390, the highest level in nearly a month.
The USD index yesterday fell 0.6%, to its lowest level in more than a month. The depreciation of the USD has made gold more attractive to buyers, creating conditions for gold prices to recover strongly.
Comments from the chart:
Gold continues to consolidate its record upward momentum on the two EMAs 34 and 89, showing a good sign for buyers in the long term. In addition, gold is forming a cup-in-hand model, it is expected that after the adjustment, the long-term target of over 2,500 USD will continue to be targeted by the Bulls!
At the end of the trading session on May 15, gold increased by 27 USD, reaching 2,385 USD. During the trading session, at one point the gold price reached $2,390, the highest level in nearly a month.
The USD index yesterday fell 0.6%, to its lowest level in more than a month. The depreciation of the USD has made gold more attractive to buyers, creating conditions for gold prices to recover strongly.
Comments from the chart:
Gold continues to consolidate its record upward momentum on the two EMAs 34 and 89, showing a good sign for buyers in the long term. In addition, gold is forming a cup-in-hand model, it is expected that after the adjustment, the long-term target of over 2,500 USD will continue to be targeted by the Bulls!
