Gold price today: Just opened the session has decreased!
Hello everyone, Brian here!
As we kick off the trading week, gold prices opened at around $2,315 per ounce, shedding more than ten dollars compared to last Friday's close.
Given this context, the precious metal is unlikely to make significant gains in the short term. This week, traders are keenly awaiting new updates from several European countries' monetary policy meetings.
Analyzing the charts, gold is currently in a phase of accumulation and sideways movement. For a bullish comeback, the bulls must successfully defend the crucial support level at $2280.
As we kick off the trading week, gold prices opened at around $2,315 per ounce, shedding more than ten dollars compared to last Friday's close.
Given this context, the precious metal is unlikely to make significant gains in the short term. This week, traders are keenly awaiting new updates from several European countries' monetary policy meetings.
Analyzing the charts, gold is currently in a phase of accumulation and sideways movement. For a bullish comeback, the bulls must successfully defend the crucial support level at $2280.
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