Gold Near 2,570 USD Peak, Potential for Strong Future Growth
Gold is currently trading near an all-time high of 2,570 USD after a strong rally, driven by increased expectations of significant rate cuts from the Fed.
The EMA 34 and 89 lines indicate that the uptrend is still intact, but a short-term correction is possible.
Key support lies between 2,501 USD and 2,521 USD, where investors may look for buying opportunities.
According to my technical analysis, gold prices could continue to rise towards the next target of 2,618 USD.
The EMA 34 and 89 lines indicate that the uptrend is still intact, but a short-term correction is possible.
Key support lies between 2,501 USD and 2,521 USD, where investors may look for buying opportunities.
According to my technical analysis, gold prices could continue to rise towards the next target of 2,618 USD.
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