Today, the prices of gold are greatly influenced by both superpowers โ China and America.
๐จ๐ณ China has started to buy gold again for its central bank reserves, which has increased demand in the market.
๐บ๐ธ There has been a slight weakness in the dollar index from America, causing gold prices to rise further.
๐ฐ Result: Gold has broken its resistance level and set a new short-term high!
If this trend continues, a further sharp increase (bullish move) is possible next week.
๐ Target for gold prices: A strong momentum is building.
