Gold price finds new peak in ascending trend

Gold prices were a bit volatile today attracting some buying pressure for the third straight day on Monday and are slowly rising towards the $1938 level. XAU/USD is now looking to build on the recent decent recovery from around $1,900.

Looking at the 4-hour golden frame, the downtrend line has been crossed, clearly showing signs of a change in sentiment, causing us to set our target at a higher level. Gold's next targets will be 1938, 1945 and ultimately 1950 USD.

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The price increased sharply, surpassing the 1930 mark. Today or tomorrow the price will reach the next resistance mark 1940-1942. The SELL item in this area will be activated
Dear friends,

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good luck