In early Asian trading, spot gold fell within a narrow range and is currently trading around $2,383.
Gold prices temporarily came under pressure at the $2,400 level mid-week last week, but with two failed breakouts, bulls have opened the door to profit from the breakout, but support continues to be bought. I’m not sure if this is accumulation from larger players or just interest rate expectations surrounding the US FOMC, but the fact that this move continues to attract bulls to buy at support makes me think gold’s bullish trend is not over yet.
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Сделка активна:
Gold continues to fall today and is about to rebound
Сделка активна:
Gold prices are close to predicted levels,
There may be a rebound trend coming soon
There may be a rebound trend coming soon
Сделка активна:
The price of gold fell below US$2,300, then rebounded slightly, and is now at US$2,304.