Gold price technical analysis indicate that gold price will continue in the rise trend today affected by trump words. the issue which push investors to run for the safe investment in gold. it pushes gold price to rise dramatically today.
Gold price technical analysis
After a lot of fluctuate in gold price. it recorded its highest level in the last 7 weeks at the level of 1202.86 U.S.D / Ounce of gold. Now gold price watch a trading level between 1200 and 1211.00 USD/ Ounce of gold. A new issue caused the rise in gold price, which the rise of us Dollar and causing a lot of fluctuate, so gold returned back to be the safe investment for global investors. Trump words caused most of investors to re think about gold as a safe investment.
Gold holdings at SPDR gold trust fund the world’s largest gold-backed funds indexes rose on Friday by 2.96 metric tons in the first daily increase since October to total 807.96 metric tons.
For all of gold investors it is not advisable to sell today wait for Tuesday for a lot of purposes.
The trading trend for gold price today is up trend, and not expecting any decline.
gold price analysis show the trading level is between 1188 and 1220 USD/ Ounce of gold.
we will watch a new support level for gold if it succeed to reach the level of 1220 in the nest weeks. frankly, small investors in gold is not in a good position, because of expected rebound in gold price is waiting to happened from Asian investors. They could use that rise to start a huge selling process.
Gold price technical analysis indicate a lot of fluctuate next few days keep an eye with us to be updated by the market change.
gold price trading for small investors again is not safe keep away from it.