👉 Gold prices fell today when the latest report showed that the number of weekly unemployment benefit applications decreased by 24,000 applications to 209,000 compared to last week's estimate. After the report, the dollar recovered from its lowest level and Treasury yields pared earlier losses, pushing gold off the key psychological threshold of $2,000 an ounce.
The US Dollar Index has risen to a daily high and that is limiting some gold buying demand, said senior analyst Jim Wyckoff at Kitco Metals.
👉 However, in my opinion, this is just a steady rhythm in the macroeconomic context that is supporting gold.
👉 TECHNICAL COMMENTARY: Gold is still in the rising price channel, yesterday and today gold will adjust to gain momentum, support milestones to pay attention to 1983 - 1975. Today the bank is off a lot so the price will not run. strong, scapling guys take advantage of the rice harvest!
📌Trading plan:
🔼 Sell Gold Entry: 1996 - 1998
Sl 2000
TP 1992 - 1988 - 1984
🔼 Buy Gold Entry: 1985 -1983
Sl 1980
TP 1990 -1995
The US Dollar Index has risen to a daily high and that is limiting some gold buying demand, said senior analyst Jim Wyckoff at Kitco Metals.
👉 However, in my opinion, this is just a steady rhythm in the macroeconomic context that is supporting gold.
👉 TECHNICAL COMMENTARY: Gold is still in the rising price channel, yesterday and today gold will adjust to gain momentum, support milestones to pay attention to 1983 - 1975. Today the bank is off a lot so the price will not run. strong, scapling guys take advantage of the rice harvest!
📌Trading plan:
🔼 Sell Gold Entry: 1996 - 1998
Sl 2000
TP 1992 - 1988 - 1984
🔼 Buy Gold Entry: 1985 -1983
Sl 1980
TP 1990 -1995