Gold clings to modest gains near 2,030 USD

Hello dear friends, in today's trading session, the longer-term moving averages EMA 34 and 89 are slightly lower than the current level, limiting the price increase. Finally, the technical indicators do not provide clear direction, as they are not reaching any significant levels. With the potential formation of a cup and handle pattern, I expect gold to rise to around $2040 and then retreat. The “buy on dips” trading strategy for gold continues as long as the significant static support level …