The Upward Momentum of Gold Continues to Develop Strongly
Gold continues its strong rally, surpassing the psychological threshold of $2,400 during Friday's Asian trading session.
Looking at the chart, after surging to $2,415, Gold showed signs of slight decline, testing the SMA 20 zone at $2,384.
However, political tensions in the Middle East are predicted to persist and sustain the upward momentum without interruption. If this tension continues to escalate, forecasts suggest that Gold prices could experience even stronger growth, possibly reaching the $2,500 mark.
Looking at the chart, after surging to $2,415, Gold showed signs of slight decline, testing the SMA 20 zone at $2,384.
However, political tensions in the Middle East are predicted to persist and sustain the upward momentum without interruption. If this tension continues to escalate, forecasts suggest that Gold prices could experience even stronger growth, possibly reaching the $2,500 mark.
