Gold prices decreased sharply this morning, standing at $1,960 at 8:45 am on May 23rd (Vietnam time), down $19 from the previous morning.
This drop is due to technical chart weakening and the recovery of the USD, which reduced gold's appeal to buyers holding other currencies. The market is closely watching the debt ceiling talks, and the dovish Fed attitude could be the next catalyst for gold prices.
The default of the world's No. 1 economy before the next Fed meeting will impact future decisions.
Comment
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Gold price is near the support zone. Buy Gold can be considered at entry $1,950-52, Stoploss $1,945. The most important thing is risk control. Good luck !!!
Gold price is near the support zone. Buy Gold can be considered at entry $1,950-52, Stoploss $1,945. The most important thing is risk control. Good luck !!!
tanlocquoc
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In my opinion, a pullback to the key 199x area is needed to have enough force to break the important 195x support area.
BrianNguyen93
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The Fed chair indicated that interest rates could exceed 6% before the Federal Reserve reaches its 2% inflation target
rareAuthor70481
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According to a Moody's Analytics report, a default could lead to more than 7 million Americans out of work and the loss of $10 trillion in individual household wealth.