Gold’s Bullish Trend: Factors and Technical Indicators Supporting Its Rise
The price of gold reached $2,726 today, marking its highest level since November 6, 2024, and it is currently trading near the $2,715 level. Gold has risen by about 7% since the low of November 14, 2024, when it was $2,537, to the peak it reached yesterday at $2,726. It has also risen by about 31% since the beginning of the year to date. The biggest challenge now is for gold to reach the $2,790 level, which is the record high it reached on October 30, 2024.
Factors supporting gold prices include, …
Please note that this analysis is provided for informational purposes only and should not be considered as investment advice. All trading involves risk.