Hello everyone! What's your take on today's gold prices?
As of Monday, gold has been trading steadily, maintaining its position around the $2180 mark up until now.
The trend for gold is becoming increasingly unpredictable as its recent surge has cooled, marking a departure from the rapid increases seen in the previous week. Gold's next move is shrouded in mystery, heavily swayed by current significant news events, with investors eyeing the Federal Reserve's anticipated interest rate cuts.
Looking ahead to today: With the release of the US Consumer Price Index (CPI) later in the day, caution is advised during trading, as prices may fluctuate rapidly in the short term.
Key levels to watch are:
Resistance levels: $2187 usd, $2196 and $2200.
Support levels: $2176 and $2156.
As of Monday, gold has been trading steadily, maintaining its position around the $2180 mark up until now.
The trend for gold is becoming increasingly unpredictable as its recent surge has cooled, marking a departure from the rapid increases seen in the previous week. Gold's next move is shrouded in mystery, heavily swayed by current significant news events, with investors eyeing the Federal Reserve's anticipated interest rate cuts.
Looking ahead to today: With the release of the US Consumer Price Index (CPI) later in the day, caution is advised during trading, as prices may fluctuate rapidly in the short term.
Key levels to watch are:
Resistance levels: $2187 usd, $2196 and $2200.
Support levels: $2176 and $2156.
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