Gold increases but risks remain
Brian, hello everyone!
After a continuous decline in gold prices, today we are witnessing a trading session where gold has slightly increased to $1971, up by about $6.6 compared to yesterday.
However, the USD and US government bond yields are still rising to the highest level in 16 years, increasing the opportunity cost of holding gold and causing investors to sell more.
The rapid increase may be restrained when facing resistance at $1900, as the current market is still unfavorable for gold prices
After a continuous decline in gold prices, today we are witnessing a trading session where gold has slightly increased to $1971, up by about $6.6 compared to yesterday.
However, the USD and US government bond yields are still rising to the highest level in 16 years, increasing the opportunity cost of holding gold and causing investors to sell more.
The rapid increase may be restrained when facing resistance at $1900, as the current market is still unfavorable for gold prices
Commentaire:
good luck
Commentaire:
Join the community group for the earliest support on short scalping and trading strategies!
✅ Knowledge of trading
✅ Support Free Trading Signals win rate 80%
FREE Chanel Signals: t.me/DNATradingForex
✅ Knowledge of trading
✅ Support Free Trading Signals win rate 80%
FREE Chanel Signals: t.me/DNATradingForex
