Trading strategy when gold is at low levels
Updated
Gold prices on the world market this afternoon (September 27) fluctuated slightly. The world gold spot price stands around 1,897.9 USD/ounce, down 3 USD/ounce compared to this morning. December gold futures traded at 1,915.6 USD/ounce, down 4.2 USD/ounce compared to this morning.
Forecasting the gold price trend, some experts believe that the stance of the US Federal Reserve (Fed) at the recent monetary policy meeting will continue to be a catalyst to push up bond yields and the currency. The USD is rising, putting great pressure on precious metals and is the main factor influencing gold prices.
Meanwhile, looking at the long term, the optimistic view on gold is still maintained.
Forecasting the gold price trend, some experts believe that the stance of the US Federal Reserve (Fed) at the recent monetary policy meeting will continue to be a catalyst to push up bond yields and the currency. The USD is rising, putting great pressure on precious metals and is the main factor influencing gold prices.
Meanwhile, looking at the long term, the optimistic view on gold is still maintained.
Note
XAUUSD BUY 1898 - 1896 TP1: 1900
TP2: 1908
SL: 1892
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