AlselvSignals

Careful analysis of gold today (October 4)

AlselvSignals Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Hi everybody!

The price of gold today has dropped to its lowest level in 7 months as the US dollar and bond yields rise, fueled by strong US economic data that creates expectations of tighter monetary policy.

Currently, Gold is trading at $1822, the lowest since March, with no immediate signs of a rebound as DXY continues to strengthen in recent times.
Comment:
I'm raising the price here because in November and mid-October the market will have fluctuations thanks to China continuing to increase its demand for gold.
Comment:
good luck
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.