Signals and strategies for August 31 TVC:GOLD
🥰 TVC:GOLD is currently hovering around the 61.8% Fibonacci retracement level of the 1,985$ - 1,886$ drop at 1,947$, maintaining the bullish bias.
🥰The 4-hour chart shows that technical indicators are slightly down but still within overbought levels, not enough to confirm an interim top.
🥰US consumer...
Gold rose to 3-week highs, sometimes reaching close to the level of 1,940 USD/ounce. Index
DXY (measures the volatility of the greenback against a basket of six major currencies) fell from 103 points last week to 101.49 points.
The USD index fell near a two-month low. A weaker dollar is supporting the precious metal's gains, as the Fed seems to signal that it is...