After yesterday's sharp rise, gold is trading around $1,860 and is currently consolidating at this high level. The dovish comments of the Federal Reserve have suppressed the recent sharp rise in the dollar and U.S. bond yields, which has given the market a chance to breathe.
It can be seen from the trend chart that if gold prices break through the 1865 area above, it may trigger a new round of upward trend and test the key resistance level of 1880 US dollars per ounce. On the other hand, if gold prices fail to hold the support below 1838, this may reopen the way for gold prices to fall.
It can be seen from the trend chart that if gold prices break through the 1865 area above, it may trigger a new round of upward trend and test the key resistance level of 1880 US dollars per ounce. On the other hand, if gold prices fail to hold the support below 1838, this may reopen the way for gold prices to fall.
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The prediction is accurate, it is 1868 at this time
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Buying at 1861, the profit target is reached.
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He will test the resistance in the 1880 area.
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Pay attention to the key U.S. CPI data to be released tomorrow, which may usher in new fluctuations.
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This is consistent with my prediction, gold price exceeded 1880.
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You can continue to go long in the 1870-1873 area.
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