Yesterday, the U.S. December CPI report showed results higher than expected, including the core CPI. This caused long-term U.S. interest rates to drop. As a result, gold, which does not earn interest, attracted buying and rose to 2,697, the same level as the high on January 10. It ended the day at a high price.
It is expected that gold will test the double-top level around 2,720, which was reached at the end of last year. If this level is broken, the upward trend could continue, aiming for the high of 2,790 reached in October last year.
Expected Gold-Dollar Range: 2,710–2,680
Note: The above content does not guarantee profits. Please make your own decisions when trading.