The market is currently pricing in higher U.S. interest rates for a longer period of time, this dynamic will support the dollar, but it is bad news for gold, in this context, gold prices may continue to fall, I think the next support level will be in 1875.
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.
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.