Gold continues to find the bottom at a low level below 1920 USD
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Selena greets everyone! It's great to share with you about the market today.
Currently, the gold market is experiencing a continued decline after breaking the upward trendline at $1920 and trading at $1911, a decrease of about $5 compared to this morning's trading.
It can be seen that the recovery of the USD is an important factor impacting this precious metal, causing its price to decline. On the 4-hour chart, gold is still searching for a new low price level. The next significant support level to watch for now is $1904 per ounce.
What are your thoughts on the market today?
Currently, the gold market is experiencing a continued decline after breaking the upward trendline at $1920 and trading at $1911, a decrease of about $5 compared to this morning's trading.
It can be seen that the recovery of the USD is an important factor impacting this precious metal, causing its price to decline. On the 4-hour chart, gold is still searching for a new low price level. The next significant support level to watch for now is $1904 per ounce.
What are your thoughts on the market today?
Note
good luck everyoneNote
The aforementioned fundamental backdrop suggests that the path of least resistance for the Gold price remains on the downsideNote
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