Where Did You Gold? Possible Soar to Another $70 in Gold Price

Kuala Lumpur 2:00 p.m. (GMT +8) - In the Asian market, gold price maintaining the downward trend, the price of gold is now reported near $1769 per ounce. Economies.com wrote an article to analyse the gold price movement today as follows:

Economies.com wrote in the article that the gold price fell significantly after the start of trading today, and once successfully reached our long-awaited target price of $1765.00 per ounce. Gold prices are facing more bearish pressure, which prompts us to predict that gold prices will continue to be bearish for some time to come. If the price of gold effectively falls below $1765.00 per ounce, this will pave the way for the gold price to fall to the next major target of $1,69.85 per ounce.

Economies.com said, therefore, the bearish trend will still dominate in the short term. What needs to be considered is that if the price of gold fails to fall below $1765.00 per ounce, this will push the gold price to start a rebound attempt, and first target the area of ​​$1,794.84 per ounce, and then to decline again.

The website also predicts that today's gold price trading will be located between the support level of $1750.00 per ounce and the resistance level of $1785.00 per ounce.

Economies.com stated that today's expected trend in gold prices is bearish.

At 01:39 p.m. Kuala Lumpur time, spot gold was quoted at $1,769.21 per ounce.

Translated from the original article: https://www.24k99.com/2011/444...