Gold broke the last resistance and is moving higher at the current price of $2510. It bounced back above resistance and now that resistance has transitioned to new support, gold reflects it and is rising again. So the price of gold seems to increase much more.
The market will be closed today and the market will open on Monday. A price explosion may occur until the market close.
Expect an explosion in the market as the Fed chairman gives a speech on interest rate cuts. His speech may depreciate the USD which will increase the price of gold.
Investments in USA may decrease and investments in gold may increase after Fed Chairman's announcement. So the experts are expecting the price of gold to increase, do you think the price of gold will decrease or increase next week?