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Where Did You Gold? - Possible Surge Up to Another $20 in Gold Price

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Kuala Lumpur 4:00 p.m. (GMT+8) In the Asian market, gold price slight increase, the gold price is now reported at around $1879 per ounce. For the latest price movement today, Economies.com wrote a brief analysis as outlined below.

The gold price has remained above the key level of $1,690.90 per ounce, which gives the gold price more room to continue to rise in the future.

Economies.com wrote in the article that the gold price is trading around $1,880.00 per ounce, and gold needs to gain enough positive momentum to push the price of gold to rise further in the next few trading days. 

Where Did You Gold? - Possible Surge Up to Another $20 in Gold Price

Economies.com said, therefore, we are waiting for the price of gold to rise to the next major target of $1,901.80 per ounce, and then $1,934.86 per ounce. It should be pointed out that once the price of gold falls below $1,690.90 per ounce, this will stop the price of gold from the expected upward trend and push the price of gold down to the next bearish target of $1,794.84 per ounce.

The website predicts that today's gold price trading will be located between the support level of $1855.00 per ounce and the resistance level of $1900.00 per ounce.

The website also stated that today's expected trend in gold prices is bullish.

At 13:55 Kuala Lumpur time, spot gold was quoted at $1879.09 per ounce.

Translated from the original article: https://www.24k99.com/2011/439...




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