Gold trading strategy: Make sure the victory for next week!

Hello dear friends! As predicted by Karina last weekend, the price of gold has successfully reached its target of $1970 and continues to rise. Currently, gold is continuing to increase in value and temporarily closing its trading at an impressive $1980, a very round number.

It can be seen that conflicts in the Middle East are ongoing and escalating, along with Federal Reserve Chairman Jerome Powell expressing support for interest rate stability in his speech on Thursday, making gold more attractive than ever.

Investors are continuously buying gold as a safe haven amidst the current market instability, pushing the price of gold to its highest level in two weeks.

Regarding the future price of gold, Karina maintains her stance on the upward trend as the two peaks (resistance levels) marked on the chart have been conquered. The current target is aiming for a high of $2015. Additionally, the EMA signal still supports the upward momentum, further affirming this breakthrough rise in gold.

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Analysis last week

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Next week we will have very important information from the market published. Karina will analyze more carefully in the coming articles!

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