GOLD: Assessing the Rebound and Bearish Signals
Our analysis on GOLD remains unchanged as we continue to anticipate a bearish setup. The current price action indicates a rebound occurring at the 50% and 61.8% Fibonacci levels, adding further weight to our bearish outlook.
From a fundamental perspective, Gold price (XAU/USD) witnessed a significant decline, approaching the $1,960.00 mark during the European session. However, the precious metal is attempting to regain stability amidst a minor sell-off, primarily driven by the recovery extension observed in the US Dollar Index (DXY).
In the broader market, S&P500 futures have sustained nominal gains from the Asian session into the London session. Investor sentiment appears upbeat as anticipation builds regarding the Federal Reserve (Fed) taking a cautious approach to interest rate policy in the upcoming June monetary policy meeting.
From a fundamental perspective, Gold price (XAU/USD) witnessed a significant decline, approaching the $1,960.00 mark during the European session. However, the precious metal is attempting to regain stability amidst a minor sell-off, primarily driven by the recovery extension observed in the US Dollar Index (DXY).
In the broader market, S&P500 futures have sustained nominal gains from the Asian session into the London session. Investor sentiment appears upbeat as anticipation builds regarding the Federal Reserve (Fed) taking a cautious approach to interest rate policy in the upcoming June monetary policy meeting.
Trade fermée: cible de profit atteinte
Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.