GOLD PRICES IS DIFFICULT
Updated
The short-term trend of gold prices is difficult.
The Federal Reserve kept interest rates unchanged, causing gold prices to once again rise above the 100-day moving average and then fall back. Although there is still some bargain hunting to support gold prices, the U.S. dollar continues to rise, setting a new high in more than half a year, and U.S. bond yields also continue to rise, leaving gold prices still Under pressure.
The current support level of gold price does not break 1921.95 and will still fall back to the 1928 area. The resistance level of 1931.45 is also our focus.
There are signs that some major bulls are planning to build positions in 1924, and a large number of shorts have left the market. Overall, the 1928-1930 area is bullish.
Note
1915 go longTrade active
Note
1920Trade active
Trade active
Sell@1928Trade active
1900-1940
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