Hello dear friends! Darius is very happy to see you again in today's chat.
Today, the gold market has broken the upward trend from $1900 per ounce and continues to trade at a low price in a challenging environment.
From a technical perspective, gold may retest the level of 1888 before new developments push it forward.
Today, the gold market has broken the upward trend from $1900 per ounce and continues to trade at a low price in a challenging environment.
From a technical perspective, gold may retest the level of 1888 before new developments push it forward.
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Dear friends, I am very sorry that this morning gold broke out of the target zone
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as the hawkish stance of the US Federal Reserve (Fed) continues to boost the rise in bond yields and the USD and crush the bullish trend of the metals market.
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The DXY index (measuring the fluctuation of the USD compared to 6 major currencies) continued to increase and reached 106.4 points. DXY index reached its highest level in 6.5 months. Meanwhile, US bond yields reached a 16-year high.
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