Gold price on the first day of the week!
The price of gold (XAU/USD) saw an increase to approximately $2180 after hitting a record high at the start of the new week, buoyed by a weaker US Dollar (USD) and declining US Treasury yields, which provided some support for gold prices. Additionally, growing expectations for the Federal Reserve's (Fed) first interest rate cut in its June meeting have also bolstered demand for gold.
However, this week is particularly sensitive as gold faces profit-taking pressures following rapid price increases. An adjustment in price and the search for stronger momentum are necessary before the upward trend can resume with reinforced strength.
However, this week is particularly sensitive as gold faces profit-taking pressures following rapid price increases. An adjustment in price and the search for stronger momentum are necessary before the upward trend can resume with reinforced strength.
Сделка активна
Сделка активна
Комментарий:
Join the community group for the earliest support on short scalping and trading strategies!
✅ Knowledge of trading
✅ Support Free Trading Signals win rate 80%
FREE Chanel Signals: t.me/+TkyS7Rg4jN9iZjk1
✅ Knowledge of trading
✅ Support Free Trading Signals win rate 80%
FREE Chanel Signals: t.me/+TkyS7Rg4jN9iZjk1
Связанные идеи
