Last week, we could observe a significant growth in gold price. This had been accurately predicted in the previous analysis based on the knowledge of the Technical Convergence analysis method and the trend of the US dollar index.
The short-term upward trend is not yet complete; therefore, let’s wait for the gold price retracement to the supportive convergence zone at 2025 and the convergence zones targeted after retesting, which are 2045 and 2063.
Always remember that each individual must adhere to strict risk management rules to generate sustainable and long-term profits.
Stay tuned for the update next week. And I wish successful and wise investment deals for investors.
By Pham Thanh Bien
