Gold price decreased rapidly
Hello everyone, it's great to see you all again for today's discussion on the price of gold.
Currently, gold is trading at $2040, experiencing a decrease of over $25 in just one day, indicating a significant decline at this time.
On the analysis chart: Gold has broken the support level of $2059 and started a downward trend. Consequently, the US dollar is stronger and the higher interest rates on US Treasury bonds are putting pressure on the yellow metal.
Regarding the outlook: Gold is currently experiencing a slight recovery as it approaches the support level around $2030. However, with the market still under bearish control, any breaking action could quickly push gold down to the defensive level of $2020.
Currently, gold is trading at $2040, experiencing a decrease of over $25 in just one day, indicating a significant decline at this time.
On the analysis chart: Gold has broken the support level of $2059 and started a downward trend. Consequently, the US dollar is stronger and the higher interest rates on US Treasury bonds are putting pressure on the yellow metal.
Regarding the outlook: Gold is currently experiencing a slight recovery as it approaches the support level around $2030. However, with the market still under bearish control, any breaking action could quickly push gold down to the defensive level of $2020.
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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.