[Where Did You Gold?] Daily Gold Price Analysis & Forecast

Kuala Lumpur (GMT+8) - If the price of gold falls below this key level, the market outlook may see a fall of more than $40.

Spot gold fell moderately and the price of gold is now lingering around $1907 per ounce. This report is an analysis of the gold price trend.

Photo: Investing.com

As the President of the United States finally rekindled hopes of passing the new crown virus stimulus plan before the November 3 election, the price of gold rose slightly on Thursday.

Spot gold closed at $1,907.58 per ounce on Thursday, with an increase of $7.15 or 0.38%. In this way, to reach an agreement, he agreed to come up with more than the $1.8 trillion provided by the White House.

The price of gold rose on Thursday and rose above the $1,901.80 per ounce level. Investors need to be cautious about upcoming transactions.

Here's what the experts think:

If the price of gold falls below $1,901.80 per ounce, it is very likely that the price of gold will continue in a bearish trend for a specific amount of time with the next main target set at $1,690.90 per ounce.

If the price of gold stays above $1,901.80 per ounce and breaks the level of $1911.00 per ounce, this will push the price of gold to rise further, with our target set at $1,934.86 per ounce.

Translated from the original article: https://www.24k99.com/2010/429...