Last week, there were many ups and downs in the gold market.At first, the U.S. dollar got stronger because of news that President Trump might put a 30% tax on products from the EU. This made some investors sell gold to take profits.Then, there was another report saying that Trump might fire the head of the U.S. central bank, Jerome Powell. This news made the dollar weaker, so gold prices went up again. But after that, the news about firing Powell was denied. Because of this, gold prices fell again. So, gold prices moved up and down a lot, and it was hard to know which direction they would go.
Now, the gold price chart is showing a shape called an “ascending triangle,” which usually means prices might go up soon. So, people are watching closely.
This week’s expected price range for gold in U.S. dollars: 3,310 – 3,400 USD
Note: This information does not guarantee profits. Please make your own decisions when trading.