XAU GOLD 26/6 !! Any chance for gold price to recover?
Updated
Gold price receives some support as the US Dollar weakens slightly. The USD has been struggling to gain momentum despite a recent recovery, and this is partly due to a decline in US Treasury bond yields. Additionally, concerns about the impact of the failed mutiny in Russia have also contributed to the rise in the safe-haven appeal of Gold. Notably, Russian mercenaries briefly seized the city of Rostov before retreating after reaching a deal for their safety and the exile of their leader, Yevgeny Prigozhin, to Belarus.
Gold price has now recovered to above $1920 mark, specifically at $1925
Can BUY zone at:
BUY ZONE 1913 -1915 entry 1, BUY zone 1903 -1905 SL 1892
Technical indicators analysis EMA 34, EMA 89. Strong support at $1903 - $1900
Gold price has now recovered to above $1920 mark, specifically at $1925
Can BUY zone at:
BUY ZONE 1913 -1915 entry 1, BUY zone 1903 -1905 SL 1892
Technical indicators analysis EMA 34, EMA 89. Strong support at $1903 - $1900
Note
The price is still in the $1920 - $1930 sideway zoneNote
US stocks fell last Friday and throughout the week. Yields on US Treasuries fell on Friday but fluctuated in two directions for the week. The USD index was up both in Friday's trading session and for the whole week.Trade active
sell running 50pipsNote
9pm on June 27 has important news affecting the dollar, please install sl carefully
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