Hi Friends here are some fundamental analysis for gold against u.s dollar.
first,China has increased its official gold reserves for the last two months as FX reserves stabilize, joining the global central bank Gold rush. From the 59.96 million ounces last December, it rose to about 59.94 million ounces. This could be a neutral movement for Gold preparing for bull trend.
second, if interest rate will rise in U.S possible decline for gold prices , as The zero-yielding metal stayed on edge for a noteworthy piece of 2018, in spite of the US-China exchange war.
Longterm for Buy execution and Short term for Sell execution .
Cheers.
first,China has increased its official gold reserves for the last two months as FX reserves stabilize, joining the global central bank Gold rush. From the 59.96 million ounces last December, it rose to about 59.94 million ounces. This could be a neutral movement for Gold preparing for bull trend.
second, if interest rate will rise in U.S possible decline for gold prices , as The zero-yielding metal stayed on edge for a noteworthy piece of 2018, in spite of the US-China exchange war.
Longterm for Buy execution and Short term for Sell execution .
Cheers.