Gold continued to decline on the first day of the week
Hello dear friends!
The price of gold has decreased by nearly 15 USD since the last closing of trading, marking a 0.74% decline for the day.
Currently, this precious metal is in a state of uncertainty as investors try to predict the next move of the Federal Reserve. For short-term trades, gold still leans towards a price decrease, based on the reversal signals from the 34 and 89 EMA lines.
Resistance level: 2045 USD Support level: 2030 USD.
The price of gold has decreased by nearly 15 USD since the last closing of trading, marking a 0.74% decline for the day.
Currently, this precious metal is in a state of uncertainty as investors try to predict the next move of the Federal Reserve. For short-term trades, gold still leans towards a price decrease, based on the reversal signals from the 34 and 89 EMA lines.
Resistance level: 2045 USD Support level: 2030 USD.
Trade active:
gold down
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