Hello everyone, What do you think about gold prices?
Currently, gold prices today continue to show strength as gold is trading around $2629. It is clear that the metal is still showing strength based on the breakout last week.
The reason for the increase in the metal is that the looser-than-expected monetary policy of economists and the forecast of further cuts boosted the demand for gold, a hedge against risk. However, the US 10-year government bond yield increased, making the gold market more cautious. At that time, a clearer view of the direction of gold will become clear.
Today we have some important milestones:
XAUUSD sell zone 2650 - 2652
XAUUSD buy zone 2629 - 2627
Currently, gold prices today continue to show strength as gold is trading around $2629. It is clear that the metal is still showing strength based on the breakout last week.
The reason for the increase in the metal is that the looser-than-expected monetary policy of economists and the forecast of further cuts boosted the demand for gold, a hedge against risk. However, the US 10-year government bond yield increased, making the gold market more cautious. At that time, a clearer view of the direction of gold will become clear.
Today we have some important milestones:
XAUUSD sell zone 2650 - 2652
XAUUSD buy zone 2629 - 2627
Trade active
Trade active
Gold price hit resistance 2640 then dropped sharply below 2630
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.