Gold is rising like crazy, where is the target?

The gold market has experienced significant volatility. At the beginning of the Asian market, the price of gold fell to US$2,302.89 per ounce, but then quickly rebounded to a record high of US$2,354.07 per ounce. During the European market, the price of gold was stable at around US$2,338 per ounce. Gold prices hit a new all-time high on Monday based on recent gains. Reduced market expectations for a rate cut by the Federal Reserve in June have supported the dollar, which may limit gold price gains amid risk appetite.
Although traders have doubts about current gold levels, the upward trend in gold prices seems difficult to reverse.
The market will continue to trend this way until affected by external forces. Money appears to be flowing into gold at the moment, and for whatever reason, this trend is continuing.
On the downside, intraday lows during the Asian session (around $2,305-$2,300/oz) appear to have limited gold’s near-term downside. Next, the market will pay close attention to the dynamics of these key support and resistance levels to determine the future trend of gold prices.

Comment:

active trade

Comment:

active trade

Comment:

active trade