GOLD - Strategy to sell gold on the afternoon of June 26
Over the weekend, after the security and order situation in the city of Rostov on Don and some southern regions of the Russian Federation had complicated developments, investors returned to buy gold, helping the gold price increase. Gold is plunging close to the level of 1,911 USD / ounce has turned to increase again. This is the second consecutive increase of the world gold price.
Experts said that, making the USD continue to strengthen, investors should also consider buying gold. Because the cost of sending gold increases due to the appreciation of the USD and the trend affecting geopolitical instability will be unstable.
Moreover, on June 29, the US will announce the GDP growth rate of the third quarter of 2023. GDP is forecasted to increase by 1.4%, higher than the 1.1% announced in April.
If US GDP increases as expected, the price of gold will start to fall. Therefore, investors are watching the latest figures of the world's number one economy in the last days of this month and early July.
We can place a Sell order at the entry point at:
GOLD SELL 1932 - 1934 💯💯
✅ TP1 1928
✅ TP2 1922
✅ TP3 19135
🛑 SL 1940
Experts said that, making the USD continue to strengthen, investors should also consider buying gold. Because the cost of sending gold increases due to the appreciation of the USD and the trend affecting geopolitical instability will be unstable.
Moreover, on June 29, the US will announce the GDP growth rate of the third quarter of 2023. GDP is forecasted to increase by 1.4%, higher than the 1.1% announced in April.
If US GDP increases as expected, the price of gold will start to fall. Therefore, investors are watching the latest figures of the world's number one economy in the last days of this month and early July.
We can place a Sell order at the entry point at:
GOLD SELL 1932 - 1934 💯💯
✅ TP1 1928
✅ TP2 1922
✅ TP3 19135
🛑 SL 1940
