Gold prices started trading today and showed a strong upward trend, hitting the target price we are waiting for 2013. This supports the expectation that gold prices will continue to have a bullish trend during the day and in the short term. Our next target for gold prices is 2030
Gold prices are trading within a bullish channel, with the 50-period exponential moving average (EMA) providing good support. It should be noted that if the gold price falls below 2004 and 1997, this will stop the expected upward trend and push the gold price to start a bearish trend within the day.
The expected trend for gold prices is bullish
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2012
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