Gold prices increased in today's Asian trading session
Updated
World gold prices tend to increase with spot gold increasing by 2.4 USD compared to last week's closing level
Looking at gold's fluctuations last week, market analysts said that gold is likely to decrease this week. The reason gold set a record high early last week at 2,450 USD/ounce was due to the market. reacting to information related to the accident that claimed the life of the President of Iran. However, the strength of the USD caused gold to be sold off and plummet to nearly 2,300 USD/ounce.
In addition, the decrease in demand for gold from Chinese investors is also an unfavorable factor for this precious metal.
Looking at gold's fluctuations last week, market analysts said that gold is likely to decrease this week. The reason gold set a record high early last week at 2,450 USD/ounce was due to the market. reacting to information related to the accident that claimed the life of the President of Iran. However, the strength of the USD caused gold to be sold off and plummet to nearly 2,300 USD/ounce.
In addition, the decrease in demand for gold from Chinese investors is also an unfavorable factor for this precious metal.
Note
BUY 2344 TP1: 2349
TP2: 2356
SL: 2335
Note
+ 100 pips
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