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Experts Explain if It's the Time to Trade Gold
The article currently discusses the decline in global and local gold prices, indicating that these decreases may present buying opportunities, especially with expectations of the yellow metal rebounding in the future. Estimates suggest that the price of a 21-karat gold gram could reach between 6,600 and 6,700 Egyptian pounds, while some experts advise not to rush into buying, particularly given ongoing pressures from rising oil prices and the increased likelihood of tightening U.S. monetary policy due to inflation concerns. The article also emphasizes the importance of monitoring support and resistance levels and offers recommendations for gradual purchasing as a way to benefit from the decline. It rules out the possibility of a further significant drop if gold prices rise above important levels, such as $4,150 per ounce.
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