Hello dear traders
Today let's explore the price of gold together!
Gold recovered slightly after a volatile Friday, trading steady around $2,310 and up 0.34% on the day.
In terms of short-term outlook, gold appears to be moving sideways and is still in an accumulation phase with expected swings between $2325 and $2290. Pay attention to the marked points to find a reasonable entry point.
Looking ahead, this week is expected to be relatively quiet in terms of economic data releases. However, there are some notable events such as the US 10-year bond auction on Wednesday, the Bank of England's monetary policy decision and the Treasury's 30-year bond auction on Thursday. Additionally, a preliminary consumer sentiment report from the University of Michigan will be released on Friday.
We will continually compile and update all of this information. Stay tuned for the latest updates!
Today let's explore the price of gold together!
Gold recovered slightly after a volatile Friday, trading steady around $2,310 and up 0.34% on the day.
In terms of short-term outlook, gold appears to be moving sideways and is still in an accumulation phase with expected swings between $2325 and $2290. Pay attention to the marked points to find a reasonable entry point.
Looking ahead, this week is expected to be relatively quiet in terms of economic data releases. However, there are some notable events such as the US 10-year bond auction on Wednesday, the Bank of England's monetary policy decision and the Treasury's 30-year bond auction on Thursday. Additionally, a preliminary consumer sentiment report from the University of Michigan will be released on Friday.
We will continually compile and update all of this information. Stay tuned for the latest updates!
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