Hello dear friends!
The price of gold is continuing to approach the $2000 mark today, with the precious metal currently trading at $1991, marking an increase of nearly $12 for the day.
However, the psychological barrier of $2000 still remains a strong resistance level. Karina's trading idea is to set a sell order when gold reaches this resistance level. The short-term target for investors selling gold would be the support level at $1985, after which the upward trend is expected to continue.
What about you? What are your thoughts and opinions on the price of gold?