➡️ Despite a slightly stronger US dollar, stronger US yields and a subdued tone in global equities and commodities trading, gold recovered well. Typically, a slightly stronger US dollar puts pressure on gold, making it more expensive for foreign currency holders, while higher yields increase the opportunity cost of owning the precious metal. Thus, it seems that traders are buying gold as insurance against important upcoming geopolitical events in Europe.
Technically, despite the successful attempts of buyers to break through the resistance of 1950 - 1959, so far it seems impossible. In this regard, the price is most likely to head back to the support of 1917.520 to gain energy, or else fall further to 1878.
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👇🔥LINKS TO PREVIOUS IDEAS AND FORECASTS🔥👇
Technically, despite the successful attempts of buyers to break through the resistance of 1950 - 1959, so far it seems impossible. In this regard, the price is most likely to head back to the support of 1917.520 to gain energy, or else fall further to 1878.
➖➖➖➖➖➖➖
👍Thanks for your comments and likes👍
👇🔥LINKS TO PREVIOUS IDEAS AND FORECASTS🔥👇
