Summary:
On April 16, 2024, gold reached a crucial milestone by reaching the 1.618 Fibonacci extension level at $2453.74. This achievement confirms previous technical forecasts and reinforces the bullish trend of the precious metal. With this progression, eyes now turn to the next target of the 2.414 extension, located at $3144.28. Analysts expect gold to continue to benefit from favorable macroeconomic conditions, including global economic uncertainty and accommodative monetary policies.🌕
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