The past week has marked a new record high for gold price, breaking the previous peak of 2484.
There are many factors that have caused gold prices to rise so high, such as political instability and high interest rates.
However, from a technical analysis perspective, gold prices are moving within a large upward channel and are gradually approaching the 2550 level in short- term.
It is crucial to avoid entering orders that go against the current strong uptrend. This is essential for generating exceptional profits in this rare opportunity.
We wish all investors intelligent and effective investment strategies. Stay tuned for the next gold price updates.
By Pham Thanh Bien
