Hello dear friends! What do you think, will the price of gold increase or decrease in the near future?
Today, gold continued to soar and marked a strong recovery of 0.47% in the day. As a result, the US dollar continued to weaken in early Europe on Thursday. The risk appetite has improved as the possibility of the Fed cutting interest rates in the first quarter of 2024 is supporting the precious metal.
In the long-term trend, gold continues to perform well in the bullish channel and easily surpasses the 2072 USD peak to turn it into a great support level, further strengthening its price.
Karina has set a high target of 2135 USD (parallel channel enthusiasts) for the upcoming price increase. What is your target?
Today, gold continued to soar and marked a strong recovery of 0.47% in the day. As a result, the US dollar continued to weaken in early Europe on Thursday. The risk appetite has improved as the possibility of the Fed cutting interest rates in the first quarter of 2024 is supporting the precious metal.
In the long-term trend, gold continues to perform well in the bullish channel and easily surpasses the 2072 USD peak to turn it into a great support level, further strengthening its price.
Karina has set a high target of 2135 USD (parallel channel enthusiasts) for the upcoming price increase. What is your target?
