Kuala Lumpur 5:30 p.m. (GMT+8) - In the European market, the price of gold maintains its upward trend, and now trading at around $1,909 per ounce.
The financial website, Economies.com wrote an article on Thursday to analyse the gold price movement today as follows:
The gold price achieved a breakthrough of $1,901.80 per ounce on Wednesday, and it is expected to continue to rise sharply.
Illustration photo of Gold H4 Chart from Economies.com
The financial site also pointed out that based on the 4-hour chart, the EMA 50 supports the current gold price level.
However, traders must take into consideration if the price falls and stay below $1,901.80 per ounce, this will put a pressure on the gold price and will likely test the level of $1,860.90 first.
Overall, the website expects the gold price will trade between the support level of $1,890 and the resistance level of $1,935 per ounce today.
Translated from the original article :https://www.24k99.com/2011/436...
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