Gold Price Surges Amid Weakening Dollar
Hello,
Several factors are contributing to the positive movement in the price of gold. Firstly, the dollar is weakening, which tends to have a favorable impact on gold prices. Additionally, there is news about weak inflation, which further boosts the attractiveness of gold as an inflation hedge and safe-haven asset.
Looking ahead, once the price firmly establishes itself above 1981, the next potential targets for the price movement are at 1995 and 2000. But if the market sentiment remains bullish and the support holds, there is a possibility that the price may overcome these resistance levels and advance further towards higher targets.
TradeWithTheTrend
Several factors are contributing to the positive movement in the price of gold. Firstly, the dollar is weakening, which tends to have a favorable impact on gold prices. Additionally, there is news about weak inflation, which further boosts the attractiveness of gold as an inflation hedge and safe-haven asset.
Looking ahead, once the price firmly establishes itself above 1981, the next potential targets for the price movement are at 1995 and 2000. But if the market sentiment remains bullish and the support holds, there is a possibility that the price may overcome these resistance levels and advance further towards higher targets.
TradeWithTheTrend
Nota
The 1963 zone aligns with the channel's half-line and is expected to act as a support level, potentially leading to a rebound. However, if the half-line is breached, the channel's lower boundary will likely be tested within the range of 1936 to 1917.
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.