GOLD: Gold's Upward Trend Accelerated
Hello everyone! Today i want to share some macro analysis with you!
Gold's upward trend accelerated, breaking through the $4,800 mark and subsequently surpassing the strong resistance at $4,857. The next resistance level is the 50-day simple moving average (SMA) at $4,896. $Gold - main 2606(GCmain)$
Price action indicates that gold is currently trading near a four-day high, suggesting strengthening buying momentum; this is further supported by the Relative Strength Index (RSI), which turned bullish two days ago.
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