Welcome to a new promising and productive trading week!
Looking back at last weekend, gold proved its strength with a spectacular Breakout, completely escaping the sideway trend and ending the downward trend. It was an impressive move from the bulls, as they not only successfully defended the key defensive zone at 2015 USD but also pushed gold prices up sharply from this point.
Tensions in the Middle East are having a clear impact, easing pressure on the USD and bond yields, thereby supporting gold prices. In the short term, demand for safe havens will likely push gold prices higher.
With the current picture, can we expect a gold price race to new heights? What about you, do you expect a wave of price increases for gold? Share your thoughts on where gold goes next in this exciting market!
Looking back at last weekend, gold proved its strength with a spectacular Breakout, completely escaping the sideway trend and ending the downward trend. It was an impressive move from the bulls, as they not only successfully defended the key defensive zone at 2015 USD but also pushed gold prices up sharply from this point.
Tensions in the Middle East are having a clear impact, easing pressure on the USD and bond yields, thereby supporting gold prices. In the short term, demand for safe havens will likely push gold prices higher.
With the current picture, can we expect a gold price race to new heights? What about you, do you expect a wave of price increases for gold? Share your thoughts on where gold goes next in this exciting market!
