It is very strange that gold fell by the equivalent of more than 100 points in less than a month, even if expectations indicate a further increase in interest rates, but the decline is exaggerated and I do not see clear reasons for this. I believe that it is far from technical analysis or the rise of the dollar. There are things that we ignore.
But technically, I think that more than this decline would be disastrous, and I think it is time for a correction to the points $1850-$1860, after which we may return to the downward trend again to the border of $1775.
But technically, I think that more than this decline would be disastrous, and I think it is time for a correction to the points $1850-$1860, after which we may return to the downward trend again to the border of $1775.
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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.