Gold Price Surges Amid Weakening Dollar
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.
TradeWithTheTrend
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.
TradeWithTheTrend
註釋
The 1963 zone aligns with the channel's half-line and is expected to act as a support level, potentially leading to a rebound. However, if the half-line is breached, the channel's lower boundary will likely be tested within the range of 1936 to 1917.
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這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。