Last week, the gold price experienced a decline to retest the technical convergence zone around 2378, where it formed a triple peak.
The current trend remains an upward trend. Therefore, we will continue to wait for the price to retrace the lower supportive convergence zones to continue following the main trend. According to analysis, this week, the 2490-2495 range is crucial for investors to pay attention to.
Absolutely avoid taking orders that go against the current strong upward trend. Even though the price retracement might be significant, the risk of going against the trend is extremely high. Therefore, strictly adhere to risk management to achieve outstanding and sustainable results.
Wishing all investors intelligent and effective investment strategies. And stay tuned for the next gold price updates.
By. Pham Thanh Bien
