Where Did You Gold? Possible Soar of $65 in Gold Price
Kuala Lumpur 10:00 a.m. (GMT +8) - In the early Asian market, there was a slightly drop in gold price, and the gold price is now reported around $1865 per ounce. Economies.com wrote an article to analyse the gold price movement today as follows:
Due to the progress in the development of the new Covid-19 vaccine, which boosted the hope of an economic rebound, the price of gold fell on Thursday. Gold price closed at $1866.76 per ounce, down $5.01 or 0.27%.
Economies.com stated that the gold price needs to remain above $1,690.90 per ounce for consolidation in order to continue the bullish trend in the future. The first bullish target is at $1,901.80 per ounce.
The website also predicts that $1855.00 per ounce and $1900.00 per ounce will constitute short-term support and resistance to gold prices, respectively.
Translated from the original article: https://www.24k99.com/2011/441...
Edited 20 Nov 2020, 09:56
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
Hot
No comment on record. Start new comment.