Hello dear friends, I am Selena! It's a pleasure to be with you in this market.
Currently, the gold market is trading around $1910 with little change from the previous trading session. The price of gold has not been able to break out as consumer prices rose higher than expected last month and the US dollar continued to strengthen across Asia.
From a technical standpoint, when observing the 4-hour chart, gold is moving sideways and below both the 34 and 89 EMA lines, indicating a downtrend. Therefore, our main focus for today's trading remains on selling.
Wishing you all good luck.
Currently, the gold market is trading around $1910 with little change from the previous trading session. The price of gold has not been able to break out as consumer prices rose higher than expected last month and the US dollar continued to strengthen across Asia.
From a technical standpoint, when observing the 4-hour chart, gold is moving sideways and below both the 34 and 89 EMA lines, indicating a downtrend. Therefore, our main focus for today's trading remains on selling.
Wishing you all good luck.
Note
American CPI in August increased by 3.7% over the same period last year and the core CPI increased by 4.3% in the same periodNote
Wishing you a smooth and successful transactionNote
Gold has dropped to the price range of 1905 USDNote
After many consecutive days of decline, today's world gold price has increased again when US economic data improves, the European Central Bank (ECB) may stop raising interest rates.Note
gold up
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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.