The gold price last week met and exceeded our expectations, reaching the 2352 mark. After that, it rebounded to the 2400 mark.
According to our analysis, the price is likely to retest the 2363-2373 range and may rise afterward. With several important news events this week, particularly on Wednesday and Friday, price fluctuations are expected to be significant and unpredictable. This is due to the direct influence of the strength of the dollar.
Therefore, whether you are inexperienced or seasoned, it’s crucial to always adhere to strict risk management rules. Only by doing so can you sustain and progress on the path of a true investor.
We wish all investors intelligent and effective investment strategies. Stay tuned for the next gold price updates.
By Pham Thanh Bien
