How did gold prices change in April?
Hello dear friends!
Today, Gold Price touched $2300-2302 early Thursday and performed well in an ascending price channel on the 4-hour chart.
Looking at the chart, it can be seen that the long-term uptrend of XAUUSD still shows no signs of weakening, especially when it still maintains its steady upward trajectory. XAUUSD is currently still consolidating at high levels, with the price currently trading around 2300 USD.
Furthermore, the recent weakness of the US Dollar (USD) is providing strong impetus to gold's upward trajectory.
Based on price behavior and the upward trajectory that has not yet been broken I expect the upward momentum to continue.
What are your thoughts on this trend?
Today, Gold Price touched $2300-2302 early Thursday and performed well in an ascending price channel on the 4-hour chart.
Looking at the chart, it can be seen that the long-term uptrend of XAUUSD still shows no signs of weakening, especially when it still maintains its steady upward trajectory. XAUUSD is currently still consolidating at high levels, with the price currently trading around 2300 USD.
Furthermore, the recent weakness of the US Dollar (USD) is providing strong impetus to gold's upward trajectory.
Based on price behavior and the upward trajectory that has not yet been broken I expect the upward momentum to continue.
What are your thoughts on this trend?
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