Gold continues to decrease in the fifth session?
Dear friends, Currently, the price of gold is decreasing due to the close relationship between gold and the sharp drop in oil prices. The WTI oil price has dropped to $77 per barrel.
Although the increase in the US dollar has an impact on the price of gold, precious metals still attract the attention of major investors.
At the time of writing this article, gold is trading around $1947 - $1954, indicating that gold is relatively calm. It is expected that the price of gold will decline to $1932 after retesting the previously broken resistance level in the near future, thanks to the stable trend on the 3H timeframe.
Although the increase in the US dollar has an impact on the price of gold, precious metals still attract the attention of major investors.
At the time of writing this article, gold is trading around $1947 - $1954, indicating that gold is relatively calm. It is expected that the price of gold will decline to $1932 after retesting the previously broken resistance level in the near future, thanks to the stable trend on the 3H timeframe.
Transaction en cours
Note
The yield of US Treasury bonds extends the losses after the US Treasury auctioned 40 billion USD of 10 -year bonds at 4.519% compared to 4.61% previously seen.Note
Trade fermée: cible de profit atteinte
Note
The "hawk" signals from the President of the US Federal Reserve (Fed) Powell on Friday have submerged in the context of this precious metal that is lacking support factors.
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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.