Hello everyone! Today, the price of gold has attracted some buying pressure for the third consecutive day on Monday and is gradually increasing towards the $1938 level in the Asian trading session. XAU/USD is currently seeking to develop based on recent good recovery from around $1,900.
From a technical standpoint, gold has broken through a downtrend trendline, indicating a potential price increase towards higher levels. The next targets for gold will be 1938, 1945 and ultimately 1950 USD respectively.