Kuala Lumpur 04:00 p.m. (GMT +8) In the Asian market, gold price slight increase, the price of gold is now reported near $1841 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 rose further and traded above $1838.10 per ounce, thus consolidating the expectation that the gold price would continue its bullish trend in the short term. Currently waiting for the price of gold to first test $1850.00/ounce. Breaking through this level will be a key condition for the gold price to rise to the next bullish target of $1870.00/ounce.
Economies.com said, therefore, unless the gold price falls below $1818.00 per ounce and remains below this level, it will maintain a bullish view. From the 4-hour chart, the EMA 50 indicator supports the gold price.
The website predicts that today's gold price trading will be located between the support level of $1820.00 per ounce and the resistance level of $1870.00 per ounce.
The website also stated that today's expected trend in gold prices is bullish.
At 01:42 p.m. Kuala Lumpur time, spot gold was quoted at $1,480.89 per ounce.
Translated from the original article: https://www.24k99.com/2012/445...
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