06/06 - Gold runs in small frame
Zaktualizowano
Gold price is currently fluctuating within a short-term trading range and is gradually approaching the recent support line.
In the event that gold price rises above $165, it could encounter stiff resistance at $173, leading to further declines.
However, if the gold price breaks through the $1,973 level, it is likely to gradually approach the $2,000 mark.
The $1555 price level is the needed short-term support and it is expected to be retested.
Therefore, I consider buying around 1952-1954 and selling gold around 1968.
In the event that gold price rises above $165, it could encounter stiff resistance at $173, leading to further declines.
However, if the gold price breaks through the $1,973 level, it is likely to gradually approach the $2,000 mark.
The $1555 price level is the needed short-term support and it is expected to be retested.
Therefore, I consider buying around 1952-1954 and selling gold around 1968.
Uwaga
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