Gold price at the end of the transaction: Can reach 2000 USD ?
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Hello dear friends, On the last trading day of this week, do you think the price of gold could reach $2000? Let's explore the gold market together with Karina!
Yesterday, the price of gold approached the $2000 level but still lacked the momentum to surpass this resistance. Evidence shows that gold has been consistently moving sideways within a narrow range around $1880 on the 1-hour chart.
Today, gold continues to maintain an upward trend and is trading at $1988, up 0.16% for the day. It can be seen that the Bollinger Bands are maintaining a stable trend without any signs of contraction or expansion. Therefore, it is likely that gold will continue to trade calmly within a range of approximately $1993 - $1980.
Regarding prospects: A breakthrough above the resistance level of $1995 could potentially push the price of gold higher, but it may be necessary to wait until the end of the day. Thank you for your interest in this article and good luck!
Yesterday, the price of gold approached the $2000 level but still lacked the momentum to surpass this resistance. Evidence shows that gold has been consistently moving sideways within a narrow range around $1880 on the 1-hour chart.
Today, gold continues to maintain an upward trend and is trading at $1988, up 0.16% for the day. It can be seen that the Bollinger Bands are maintaining a stable trend without any signs of contraction or expansion. Therefore, it is likely that gold will continue to trade calmly within a range of approximately $1993 - $1980.
Regarding prospects: A breakthrough above the resistance level of $1995 could potentially push the price of gold higher, but it may be necessary to wait until the end of the day. Thank you for your interest in this article and good luck!
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