XAUUSD Can gold prices continue to fall?
Updated
The international gold price maintains a weak oscillatory trend, and the daily structure is still in the downward model. The international gold price is running below the watershed of 2029 US dollars per ounce for this week's decline, indicating that short sellers currently have a slight advantage in the market. On the upside, first focus on the watershed between long and short prices at US2029/ounce. If the rise can successfully break through and hold this position, the downward pressure will be alleviated within the week. At that time, the resistance will focus on around US2058/ounce. If this position is effectively exceeded, the resistance will be adjusted to around $2,086 per ounce. On the downside, support will first focus on around $2001 per ounce. If it effectively falls below this position, the support will be adjusted to around $1973 per ounce.
Comment
active tradeComment
active tradeComment
As the dollar rose and gold prices fell, investors awaited a slew of important U.S. economic data this week for more clues on the pace and scale of the Federal Reserve's interest rate cuts.Comment
hovering around 2015Comment
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