GOLD Shows Promising Signs of Growth, Driven by USD Weakness

24 apr 2023

Following a pullback on the 78.6% Fibonacci level, GOLD appears to be in a growth phase, as evidenced by its current position in the demand zone at a discount price. We anticipate that the asset will continue to climb in value and reach the area of $2000. Our forecast for the precious metal remains long, given the current weakness of the USD in recent sessions. We will be closely monitoring the market for any potential changes that may affect our analysis.