Hello dear friends, Today, the price of gold is at its highest level in two weeks, reaching nearly $1,880. Gold is trading more firmly thanks to the decrease in the yield of US Treasury bonds due to the latest meeting minutes from the Federal Reserve yesterday.
From a technical analysis perspective, when the Bollinger Band range narrowed around the 1820 mark last Friday, it transitioned into an expanding trend with gold's continuous price increase equivalent to nearly $65.
In my personal opinion, gold will rise to $1,800 today and then experience a slight decrease to around $1,845 - $1,847 before the upward trend continues.