XAUUSD- fluctuates strongly

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Dear friends, Gold prices showed positive momentum on Thursday due to a decrease in US bond interest rates and a weaker US dollar. The political tensions and economic difficulties in China also contributed to the positive sentiment, causing gold prices to increase by 0.24% compared to the previous trading session. At the time of writing, gold is trading at $1988.

In my opinion, as long as gold maintains its upward trend above the support level of $1970, the upward momentum will continue, creating opportunities for buyers with an expected increase to $1950 in the near future. What is your opinion? Do you agree with my viewpoint?
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ForexGoldHarmonic PatternsTechnical IndicatorsintradaytradelongsetupoptionsstrategiessignalsTechnical AnalysisTrend AnalysisXAUUSD

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