Hello everyone, it's RKarina again!
Today, gold prices continued their recovery since Monday, with the metal up more than $25 since the start of the new week.
Although gold has experienced two consecutive weeks of price declines after a 5-week recovery streak, overall investor sentiment is still optimistic about this precious metal.
From chart analysis, we see that gold has broken out of the price range and surpassed the trend line, signaling a new uptrend. Support at $2310 has been established, with a current target of $2350 - $2360 in the near future if gold maintains its bullish momentum in the current economic and market conditions!
Today, gold prices continued their recovery since Monday, with the metal up more than $25 since the start of the new week.
Although gold has experienced two consecutive weeks of price declines after a 5-week recovery streak, overall investor sentiment is still optimistic about this precious metal.
From chart analysis, we see that gold has broken out of the price range and surpassed the trend line, signaling a new uptrend. Support at $2310 has been established, with a current target of $2350 - $2360 in the near future if gold maintains its bullish momentum in the current economic and market conditions!
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