Gold Spot / U.S. DollarUpdated Gold bottom-catching signal
As expected, yesterday we witnessed a very unique performance in gold with a significant decrease. Gold actually fell to 1900/ounce, facing selling pressure from the rising US Dollar (USD).
However, this is also considered an important support level because it was previously a milestone marking the development of gold prices pushing to higher levels.
In terms of prospects, in my personal opinion, gold will continue to fall to 1890 USD before the Fed's new decisions shed light on a new direction for gold. The expectation is that there will be an upward move in gold.
However, this is also considered an important support level because it was previously a milestone marking the development of gold prices pushing to higher levels.
In terms of prospects, in my personal opinion, gold will continue to fall to 1890 USD before the Fed's new decisions shed light on a new direction for gold. The expectation is that there will be an upward move in gold.
Note
active Plan BUY GOLD 1885- 1883 SL 1880
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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.