Short

Gold price cannot support short 1850

Updated

The Fed's hints drove the rise of the U.S. dollar index and also caused the price of gold to continue to fall.

Gold’s bearish momentum could push spot market gold prices back to the 2023 low of $1810.
Gold's downward trend has obviously been testing the 1870 position. Once gold breaks through 1870, it will reach a low of 1850.

Target 1850

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.

Trade active

Note

Target 1850 is approaching

Trade active

Note

In February this year, gold fell from 1960 to around 1860, then corrected to 1890, then fell around 1810, and now gold is likely to repeat the February situation.

Anthony-Ryan

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by Anthony-Ryan

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