Will gold really increase in price?
Hello dear friends! Today, XAUUSD is trading at $2023 and undergoing a short-term downward trend, with an expected decrease that may require special observation at the $2000 level. However, the overall market trend remains bullish after breaking out of the downtrend channel as indicated in the technical picture.
Looking ahead, gold still has many opportunities to continue its price increase in the new week and in the near future, as the Chinese economy weakens and the US dollar faces several disadvantages in the market.
It is expected that this week will mark the beginning of a future upward trend for gold, as there have been bets on the Fed cutting interest rates in March. This raises hopes for a gold boom in the future.
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Looking ahead, gold still has many opportunities to continue its price increase in the new week and in the near future, as the Chinese economy weakens and the US dollar faces several disadvantages in the market.
It is expected that this week will mark the beginning of a future upward trend for gold, as there have been bets on the Fed cutting interest rates in March. This raises hopes for a gold boom in the future.
If you find this article helpful, don't forget to share this information with your fellow travelers.
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Comment:
Gold today continues to reverse and decrease in price
