A FORMING WICKOFF
Updated
Over the past two weeks, the gold market has experienced some interesting movements. According to the data from TradingView for the XAUUSD pair, which represents the price of gold in US dollars:
Gold has seen a decline from a high of around $2370 to a low of $2325. However, after this drop, there was a rebound in demand, and gold started trading in the range of $23401.
The overall trend for gold in 2024 has been positive, with gains of over 18% so far. The market dynamics suggest that June could be a promising month for gold investors1.
The price movements have been sensitive to economic and geopolitical news, which can cause fluctuations in the finite supply and demand of gold1.
Gold has seen a decline from a high of around $2370 to a low of $2325. However, after this drop, there was a rebound in demand, and gold started trading in the range of $23401.
The overall trend for gold in 2024 has been positive, with gains of over 18% so far. The market dynamics suggest that June could be a promising month for gold investors1.
The price movements have been sensitive to economic and geopolitical news, which can cause fluctuations in the finite supply and demand of gold1.
Comment
looking for correction on buys this weekk
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