entry SELL 1873-1875
Today, gold is experiencing a slight rebound after a series of price declines. The current price has recovered by 0.36% and reached a trading level of 1873 USD. This is the only session where prices have increased, marking the end of trading for this week.
However, negative market information and the continued strength of the USD are weighing heavily on precious metals. Additionally, indicators on the 4-hour timeframe are indicating a downward trend.
While gold may experience some recovery, it is likely to return to previous levels of decline unless there are significant positive developments in the market to support this metal.
Let's explore today's market together with Ad!
Yesterday witnessed gold continuing its decline from 1875 USD to 1866 USD in today's trading session. This is the lowest figure in many months. High bond yields and a strong USD continue to put pressure on precious metals.
With the Federal Reserve maintaining its trend of tightening interest rates and the current unfavorable market conditions for gold persisting, it is not surprising if gold prices continue to decrease in the coming days. Any upward momentum for gold may be short-term, and it is not unlikely for this precious metal to test the level of 1,800 USD/ounce with strong resistance levels.
Today, gold is experiencing a slight rebound after a series of price declines. The current price has recovered by 0.36% and reached a trading level of 1873 USD. This is the only session where prices have increased, marking the end of trading for this week.
However, negative market information and the continued strength of the USD are weighing heavily on precious metals. Additionally, indicators on the 4-hour timeframe are indicating a downward trend.
While gold may experience some recovery, it is likely to return to previous levels of decline unless there are significant positive developments in the market to support this metal.
Let's explore today's market together with Ad!
Yesterday witnessed gold continuing its decline from 1875 USD to 1866 USD in today's trading session. This is the lowest figure in many months. High bond yields and a strong USD continue to put pressure on precious metals.
With the Federal Reserve maintaining its trend of tightening interest rates and the current unfavorable market conditions for gold persisting, it is not surprising if gold prices continue to decrease in the coming days. Any upward momentum for gold may be short-term, and it is not unlikely for this precious metal to test the level of 1,800 USD/ounce with strong resistance levels.
Trade closed: target reached:
+ 300 pips, nice
Comment:
nice strategy
Trade closed: target reached:
+ 500 pips, close all your profit
