Gold expected to rise to 2000
Updated
Gold fell after the release of US PPI data. Gold rebounded slightly today, with gold prices currently trading around 1963.
From a technical point of view, if the price of gold closes above 1968 per ounce, the price of gold may rise further. Gold is expected to break through to 2000 again
If gold remains capped below 1968, this could trigger a pullback toward 1945 and 1934 (200-day moving average).
Bulls are in a strong position. Overall bullish.
Note
1973 now. get 11 pipNote
waiting for 1985Note
The first target was reached in 1985. The next target is 1992, 2000.Note
If gold cannot break through 1992 within 2 hours, we can buy short at the high levelTrade active
Trade active
Note
waiting for 1992Note
waiting for 2000
Note
1975-1985
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