Gold increased rapidly on the first day of the week
Hello dear friends!
Although the trading session has just begun, gold has experienced significant fluctuations, quickly rising from $2002 to $2018, but then quickly dropping back and stabilizing around $2010.
It seems that the upward trend of gold is still being supported as it continues to stay above the 34 and 89 moving averages. Additionally, gold prices may not decrease as the market enters the seasonal phase, where seasonal factors typically support gold prices at this time of the year.
Speaking of gold prices this week, in a survey of 13 experts, 54% predicted that gold prices would increase in the near future, while 15% predicted a decrease and 31% believed that prices would remain stable.
What are your thoughts on gold for this week?
Although the trading session has just begun, gold has experienced significant fluctuations, quickly rising from $2002 to $2018, but then quickly dropping back and stabilizing around $2010.
It seems that the upward trend of gold is still being supported as it continues to stay above the 34 and 89 moving averages. Additionally, gold prices may not decrease as the market enters the seasonal phase, where seasonal factors typically support gold prices at this time of the year.
Speaking of gold prices this week, in a survey of 13 experts, 54% predicted that gold prices would increase in the near future, while 15% predicted a decrease and 31% believed that prices would remain stable.
What are your thoughts on gold for this week?
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