[Where Did You Gold?] The Price Of Gold Has Just Rapid Rise And Break Through 1915 In A Short Time.

Kuala Lumpur (GMT+8) - In the early Asian market, spot gold prices has been rising rapidly to the level over $1,915 per ounce and even hit the $1916.78 per ounce during its peak as of today. The latest article by the well-known financial website analyzes Economies.com pointed out in a recent article that the price of gold is showing a clear upward trend against the key resistance level of $1911.00 per ounce. This implies that the gold prices are expected to rise further over the next few trading days.

Photo : FX168 - Gold M30 charts

With the gold price broke through the resistance level of $1911.00 per ounce, this confirms that it will continue on a bullish momentum. The next target is set at $1,934.86 per ounce.

The financial website stated that if the gold price drops below $1,901.80 per ounce, this will change the gold to a bearish trend with the first target set at $1,885.00 per ounce.

It also predicted that the levels of $1880.00 per ounce and $1920.00 per ounce will constitute the short-term support and resistance to the gold prices, respectively.

Translated and processed from the main article: https://www.24k99.com/2010/431...