Why has gold suddenly fallen recently?

26 mai 2023

From the perspective of the specific trend, before the opening of the U.S. market on Wednesday, gold was in a low-level shock consolidation situation. The gold price went down and gained short-term support above 1950. Until the U.S. market opened, the gold price fluctuated violently, breaking the pattern of low-level shock consolidation downwards. Suppressed by short-term bad news, combined with the news, strong economic data strengthened the Fed's expectation of raising interest rates in June, which was the culprit for gold's downward break.



Let’s see today that although gold rebounded and corrected in the short term, the short side is strong. The US economic data is optimistic, which strengthens the Fed’s interest rate hike expectations. The US dollar and US bond yields are very strong, which puts greater pressure on gold. In terms of operation, it is recommended to rebound short. The upper pressure focuses on the daily 5-day moving average of 1960 US dollars. If the price of gold rises above here, it will ease the short-term downward pressure. Dollar.


The current 1948 position is a good trading signal, if you also want to participate, then please move to my channel

26 mai 2023

Transaction en cours

Gold near 1950 will be a good trading signal, enter my channel

26 mai 2023

Transaction en cours

Gold 1944 can do more

26 mai 2023

Transaction en cours

Please enter my channel for more trading signals

26 mai 2023

Transaction en cours

26 mai 2023

Transaction en cours

29 mai 2023

Transaction en cours

A new week has begun, what will gold do next, enter my channel and I will tell you

29 mai 2023

Transaction en cours

14 juin 2023

Transaction en cours

14 juin 2023

Transaction en cours