Hello everyone.
At the moment, there has been a decline in the value of gold. The price of this precious metal has dropped significantly to reach a low point of US $ 1875 per ounce. This unexpected decrease took place several days ago.
Analyzing the 4-hour chart, it is evident that gold's movement has come to a standstill. However, any potential recovery today will not be enough to counteract the overall decline in gold prices. Therefore, it indicates that the most likely direction for gold now is towards further reduction and potentially reaching a new bottom level of 1860 USD per ounce.
What are your thoughts on the current state of gold?
At the moment, there has been a decline in the value of gold. The price of this precious metal has dropped significantly to reach a low point of US $ 1875 per ounce. This unexpected decrease took place several days ago.
Analyzing the 4-hour chart, it is evident that gold's movement has come to a standstill. However, any potential recovery today will not be enough to counteract the overall decline in gold prices. Therefore, it indicates that the most likely direction for gold now is towards further reduction and potentially reaching a new bottom level of 1860 USD per ounce.
What are your thoughts on the current state of gold?
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