Short

Gold prices hit one-month low

Updated

Gold fell below the 1900 support level yesterday as the dollar strengthened and Treasury yields rose. The pressure on the precious metals market mainly comes from the strength of the US dollar and last week's Fed's speech which pushed the US dollar to highs.

In short-term gold trading, pay attention to the pullback around 1908. The overall trend is bearish.

Note

Only when the gold price rebounds and breaks through 1913.15 can the market's bearish direction be stopped

Note

Gold will briefly pull back around 1895-1898

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Pay attention to the adjustment and rebound of the US market.

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Note

The market direction remains Bearish. The current trading trend will be a correction and a slow fall. 1965-1985 is the main range.

Seize the opportunity and don't trade blindly.

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Anthony-Ryan

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