Gold is waiting for something to correct?
Обновлено
Hello everyone, What do you think about gold prices?
Currently, gold prices today continue to show strength as gold is trading around $2629. It is clear that the metal is still showing strength based on the breakout last week.
The reason for the increase in the metal is that the looser-than-expected monetary policy of economists and the forecast of further cuts boosted the demand for gold, a hedge against risk. However, the US 10-year government bond yield increased, making the gold market more cautious. At that time, a clearer view of the direction of gold will become clear.
Today we have some important milestones:
XAUUSD sell zone 2650 - 2652
XAUUSD buy zone 2629 - 2627
Currently, gold prices today continue to show strength as gold is trading around $2629. It is clear that the metal is still showing strength based on the breakout last week.
The reason for the increase in the metal is that the looser-than-expected monetary policy of economists and the forecast of further cuts boosted the demand for gold, a hedge against risk. However, the US 10-year government bond yield increased, making the gold market more cautious. At that time, a clearer view of the direction of gold will become clear.
Today we have some important milestones:
XAUUSD sell zone 2650 - 2652
XAUUSD buy zone 2629 - 2627
Сделка активна
Сделка активна
Gold price hit resistance 2640 then dropped sharply below 2630
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