Hello dear traders
Today let's explore the price of gold together!
Gold recovered slightly after a volatile Friday, trading steady around $2,310 and up 0.34% on the day.
In terms of short-term outlook, gold appears to be moving sideways and is still in an accumulation phase with expected swings between $2325 and $2290. Pay attention to the marked points to find a reasonable entry point.
Looking ahead, this week is expected to be relatively quiet in terms of economic data releases. However, there are some notable events such as the US 10-year bond auction on Wednesday, the Bank of England's monetary policy decision and the Treasury's 30-year bond auction on Thursday. Additionally, a preliminary consumer sentiment report from the University of Michigan will be released on Friday.
We will continually compile and update all of this information. Stay tuned for the latest updates!