$2690? $2700? No, $2,780 is our goal!
$2690? $2700? No, $2,780 is our goal!
After several weeks of consolidation, gold managed to break through previous resistance levels and break out of a tight trading range to reach new highs. As expected, gold prices are set to hit new highs this week and are expected to continue rising until they reach the designated target.
A key point to watch is that gold is approaching overbought territory, raising the possibility of a reversal after reaching new highs.
Be cautious when entering long positions, as the market may experience a correction after hitting new highs.
Finally, wish us good luck!
After several weeks of consolidation, gold managed to break through previous resistance levels and break out of a tight trading range to reach new highs. As expected, gold prices are set to hit new highs this week and are expected to continue rising until they reach the designated target.
A key point to watch is that gold is approaching overbought territory, raising the possibility of a reversal after reaching new highs.
Be cautious when entering long positions, as the market may experience a correction after hitting new highs.
Finally, wish us good luck!
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