Cooling movements of gold prices today
Updated
Hello! It's great to meet you all again and discuss today's gold price.
Currently, the gold market is fluctuating around $1908 per ounce. It can be seen that gold has experienced a slight decline today, specifically dropping from $1920 to $1908 when the Fed hinted at the possibility of tightening monetary policy further. This is the lowest level gold has reached in the past three weeks.
The primary trend observed on the 4-hour chart remains downward after breaking through support at $1915. However, there will still be a mild price rebound before it potentially returns to $1900.
Wishing you a smooth transaction
Currently, the gold market is fluctuating around $1908 per ounce. It can be seen that gold has experienced a slight decline today, specifically dropping from $1920 to $1908 when the Fed hinted at the possibility of tightening monetary policy further. This is the lowest level gold has reached in the past three weeks.
The primary trend observed on the 4-hour chart remains downward after breaking through support at $1915. However, there will still be a mild price rebound before it potentially returns to $1900.
Wishing you a smooth transaction
Note
Market activity is likely to be quiet until data on the US Consumer Price Index (CPI) is released today, September 13, which may provide more information on US interest rates later. as the Fed is expected to pause tightening next week.Note
According to a Reuters poll, US inflation rose 0.6% in August, compared with a 0.2% increase the previous month.Note
good luckNote
Today we will have news about gold, so please be cautious and pay more attention to the market. Good luck!Note
“While core prices were also slightly stronger than last month, there were few reports that convinced Fed officials that they needed to raise interest rates further.
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