Gold Price hot-bloodedness but show potential rebound.
Hi friends
Last week, gold futures fell as US treasury yields rose as a result of the GDP report released last Thursday, prompting investors to opt for profit-bearing commodities. The yields turned the greenback to be more attractive, further pushing down the demand for the yellow metal.
Meanwhile, the stocks also increased due to the released GDP report and hopes in US-China trade deal.
In technical analysis point of view, I can see a potential rally which
Perform in 4 hours chart , In Feb most trader didn’t keep their Gold invest, but if we consider
The whole year price is still up as you see its still up by 1.17% from 1281 to 1296.45.
In Stochastic Relative strength index show a 1 week oversold which I can say is already expired
And time to rebound for a long standing.
In upper band and lower band displayed impulsiveness or expressing volatility movement and its more likely a strong indication for squeeze band.
Cheers
Hit Like and Follow.
Last week, gold futures fell as US treasury yields rose as a result of the GDP report released last Thursday, prompting investors to opt for profit-bearing commodities. The yields turned the greenback to be more attractive, further pushing down the demand for the yellow metal.
Meanwhile, the stocks also increased due to the released GDP report and hopes in US-China trade deal.
In technical analysis point of view, I can see a potential rally which
Perform in 4 hours chart , In Feb most trader didn’t keep their Gold invest, but if we consider
The whole year price is still up as you see its still up by 1.17% from 1281 to 1296.45.
In Stochastic Relative strength index show a 1 week oversold which I can say is already expired
And time to rebound for a long standing.
In upper band and lower band displayed impulsiveness or expressing volatility movement and its more likely a strong indication for squeeze band.
Cheers
Hit Like and Follow.