✨ Gold Briefly Touched US$3,400, But Hasn't Shown Its Fangs Yet
The price of gold rose slightly to US$3,400, but quickly corrected to US$3,364. Many analysts are optimistic that this precious metal could break through to US$3,500 – US$3,700, especially with the escalating conflict in the Middle East.
📊 Currently, gold has two important support zones:
US$3,350 → support from the 20-day MA
US$3,320 → support from the 50-day MA
If geopolitical tensions continue to escalate, gold could rise to US$3,430 – US$3,450, even nearing the all-time high of US$3,500. But what if the conflict subsides? Gold could plummet to US$3,300 or lower as investors start fleeing to stocks & crypto 🚀
🎯 Gold remains a barometer of global investor fear.
Do you think now is the time to invest in gold or go all-in on crypto?
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