Gold Price Analysis Today April 22, 2024
The price of gold today, April 22, 2024, is currently ranging at $2386 per ounce. The highest price recorded today in gold prices is $2391 per ounce, while the lowest price reached today is $2379 per ounce. It is expected that gold prices will rebound against the US dollar for the remainder of the day.
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| Gold Price Today April 22, 2024 |
Article content :
- Daily Analysis of Gold Price Today, April 22, 2024
- Key Influential News on Gold Prices Today
- Today's Gold Price Analysis
- Daily Analysis of Gold Price Today, April 22, 2024:
As illustrated in the chart below, I anticipate gold prices to reach the level of $2430 and achieve new record numbers. Gold prices today are moving above the 200-day moving average and above the 61% Fibonacci golden ratio. Additionally, they are above a relatively strong demand zone in the quarter-hour timeframe and are also within an ascending triangle. Furthermore, gold prices continue to trend upwards in the daily, hourly, and four-hour timeframes. Therefore, any correction movement to touch the ascending trendline in the quarter-hour timeframe would be an opportunity to buy gold.
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| Gold Price Today April 22, 2024 |
- Key Influential News on Gold Prices Today:
The Middle East is currently experiencing a climate of anticipation regarding the Iranian-Israeli crisis and the war in Gaza. It is expected that Israeli escalation against Iran will continue following direct missile attacks by Iran on Israel last week, following the Israeli missile attack on the Iranian consulate in Damascus, Syria. Therefore, the continuation of the conflict between Israel, Iran, and Palestine on the other hand will support the continued rise in gold prices in the coming days as it is considered a safe haven.
- Today's Gold Price Analysis:
As we have stated technically and economically, all indicators support the continued rise in gold prices in the short and medium term. Therefore, in the coming hours and days, we will be watching for any corrections in gold prices as an opportunity to invest in gold.
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