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.
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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