Welcome back, dear investors, to our weekly gold price technical analysis!
Looking back at last week’s trading session, gold prices experienced notable fluctuations amidst the Christmas and New Year market atmosphere. As anticipated, prices tested the 2660 range.
Moving into the new week, the market may witness a slight recovery, pushing gold prices toward the 2680 range—close to the parallel price channel we’ve been monitoring—before potentially setting the stage for a downward trend.
However, it’s important to note that current market liquidity remains relatively low due to the holiday season, which could result in unpredictable price movements. Therefore, adhering strictly to risk management principles is crucial to safeguard profits and minimize losses.
Wishing all investors smart and effective strategies! Don’t forget to stay tuned for upcoming gold price analysis to stay updated with the latest trends!
By Pham Thanh Bien
