Hello,
Several factors are contributing to the positive movement in the price of gold. Firstly, the dollar is weakening, which tends to have a favorable impact on gold prices. Additionally, there is news about weak inflation, which further boosts the attractiveness of gold as an inflation hedge and safe-haven asset.
Looking ahead, once the price firmly establishes itself above 1981, the next potential targets for the price movement are at 1995 and 2000. But if the market sentiment remains bullish and the support holds, there is a possibility that the price may overcome these resistance levels and advance further towards higher targets.
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