GOLD fell during these moments why ?
GOLD
Out look
Gold prices fell during these moments of trading today, Tuesday, as the dollar regained some of its strength, while investors await US inflation data scheduled for release this week to clarify whether there is a need for more interest rate hikes or not.
Currently, consolidation above 1931 it will increase the chance of rise up again to reach 1943 and above 1943 will support the price to reach 1953
as for renewing the bearish attempts, consolidation under 1930 will make the price to be under sell pressure to reach 1922 and under 1922 by 4H candle then we will see more bearish until 1911 and 1900
The expect trading range for today is between the support line 1931 and 1943
Additionally , Gold futures fell 0.1% to $1,968 an ounce.
While spot contracts for gold fell by 0.18% to 1931 dollars an ounce.
support line : 1931 , 1922
resistance line : 1943 , 1953
what is your opinion ??
If this post was useful to you , don't forget to like and comment , Thanks ❤️
Out look
Gold prices fell during these moments of trading today, Tuesday, as the dollar regained some of its strength, while investors await US inflation data scheduled for release this week to clarify whether there is a need for more interest rate hikes or not.
Currently, consolidation above 1931 it will increase the chance of rise up again to reach 1943 and above 1943 will support the price to reach 1953
as for renewing the bearish attempts, consolidation under 1930 will make the price to be under sell pressure to reach 1922 and under 1922 by 4H candle then we will see more bearish until 1911 and 1900
The expect trading range for today is between the support line 1931 and 1943
Additionally , Gold futures fell 0.1% to $1,968 an ounce.
While spot contracts for gold fell by 0.18% to 1931 dollars an ounce.
support line : 1931 , 1922
resistance line : 1943 , 1953
what is your opinion ??
If this post was useful to you , don't forget to like and comment , Thanks ❤️
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