Hello traders, I think gold will first go up to around 1966-1970, then if it can't break through 1970, it will start to fall, what do you think? From the 4-hour chart, there is a little pressure around 1962 above, but the upward trend is strong, so I think this position will still break through, and then look at the important pressure before 1970 above. It is...
In the absence of data, short-term gold prices are expected to rebound slightly at the small support level of 1920. The important pressure level is still around 1930-35, which is a good short position. If it falls below 1920 again, look at 1910 COMEX:GC1! COMEX_MINI:MGC1! TVC:GOLD FXOPEN:XAUUSD
TVC:GOLD Gold prices are unchanged ahead of important events taking place today and Wednesday according to the US calendar. With all the attention now on the Federal Reserve meeting on Wednesday, short positions in gold were recently hedged to take profits following the blockbuster Nonfarm Payrolls jobs report. GOLD is trading at 1957$ and is still in the middle...
TVC:GOLD Gold price (XAU/USD) failed to defend the immediate support at 1975$ during the Asian session. The precious metal fell sharply as Federal Reserve (Fed) policymakers were confident the central bank would raise interest rates more in its fight against persistent US inflation. Gold prices are expected to plummet after breaking below the demand zone placed...
Gold prices remained pressured on Thursday for the second straight day despite a weaker US economy. The reason may be related to the market rushing into the US Dollar amid concerns about the expiration of the US debt ceiling and the collapse of the banking system. The news becomes even more important and negatively impacts risk appetite as the US Treasury has...
Gold was boosted by safe-haven demand. It broke through the 2000 mark to around 2003 in the intraday session. Although gold bottomed out and rebounded yesterday, we can see that in terms of the trend, it is just back up again, and there is no change in the trend. Many people have another misconception, thinking that a sharp rise is about to catch up, and the top...