HamedMarkets

What's changed in the gold price in the new week?

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HamedMarkets 已更新   
OANDA:XAUUSD   黃金現貨 / 美元
Hello, let's analyze today's gold price!

In the chart, although gold on Friday had a strong recovery of nearly 300 pips, in the long term it is still in a downtrend with the price channel remaining stable.

Regarding the target and upcoming direction: From technical analysis, I expect the price to decrease more after the adjustment reaches the upper limit of the price channel.
The target is 2280 USD.

And you, what are your thoughts, do you think gold will increase or decrease this week?
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