Yesterday, gold soared past $2,328 per ounce following a more dovish stance from the Federal Reserve.
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The global gold market has started 2024 on a strong note, with demand rising 3% year-over-year to 1,238 tonnes in the first quarter.
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Celebrate the spirit of abundance and prosperity this Eid al-Fitr with zForex! zForex believes in sharing blessings with our community, and we are excited to spread the joy by offering the exciting Eid al-Fitr Giveaway to our valued traders!
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Gold benefited from the treasury yields and the dollar's fall, touching the 2200 area and moving forward toward its target at the 2250 level.
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Gold's descending triangle pattern remains intact even after a recent breakout.
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Gold, after correcting from the 2038 resistance level, is resuming its bullish short-term trend, aiming to test this level again.
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Gold reached the resistance level of 3038 and corrected from this level, still benefiting from the current conditions.
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Gold has undergone a correction from the 100MA level and is currently advancing towards the 2006 resistance level, with anticipation for upcoming developments.
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Gold decreases today after reaching the 2038 resistance level, with the next support level at 2006.
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