The world gold price is currently trading around 2320 USD.
"The recent downturn in gold prices we've seen over the past few weeks may be weakening. US employment figures have weakened the USD, creating an opportunity for the world gold price to rise," an expert noted.
According to technical analysis, in the short term, the next resistance level for gold is 2,360 USD/ounce, and if this level is breached, gold could quickly climb to 2,400 USD/ounce.
If gold enters a downtrend, the first support level is 2,280 USD/ounce.
"The recent downturn in gold prices we've seen over the past few weeks may be weakening. US employment figures have weakened the USD, creating an opportunity for the world gold price to rise," an expert noted.
According to technical analysis, in the short term, the next resistance level for gold is 2,360 USD/ounce, and if this level is breached, gold could quickly climb to 2,400 USD/ounce.
If gold enters a downtrend, the first support level is 2,280 USD/ounce.
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