9 monthly bullish candles for global gold ounce price after 53 years
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The analysis of the monthly changes in the global price of gold shows that gold will soon and probably in the next week, while the ninth consecutive upward candle The monthly will record that after July 1972, this ascending sequence in monthly candles occurs for the second time, so that the world price of an ounce of gold from the beginning of November 1971 to the end of July 1972 during 9 Candle‘s consecutive monthly upward trend was able to reach the price of 68 dollars and 60 cents with a growth of more than 61%, starting from the price of 42 dollars and 45 cents.
It should be said that since the beginning of February 2024, the price of gold has experienced a continuous rise for nearly 9 months for the second time in the last 53 years, from the price of 2037 dollars and 40 cents to the price of 2736 The dollar has reached 30 cents and with an increase of about 699 dollars in price, it has increased by only 34%.
