Gold Today - Step by Step Recovery
Gold prices steadied after a slight overnight gain on Wednesday as investors worried ahead of the Federal Reserve's June meeting minutes, while copper fell amid concerns over the US trade war. - New Middle.
The yellow metal has enjoyed a small rally over the past three sessions, after plummeting below the $1,900 support last week. Fear of US interest rate hike is the biggest source of pressure on gold prices.
BUY GOLD zone at: $1913 - $1910 - $ SL $1900 (It is best to carefully review the FOMC news before entering the order)
BUY stop GOLD at: $1932 - SL $1923 (Make sure the candle will close above this price zone)
Based on technical analysis indicators EMA 34, EMA 89 with strong resistance zone $1940 - $1943
The yellow metal has enjoyed a small rally over the past three sessions, after plummeting below the $1,900 support last week. Fear of US interest rate hike is the biggest source of pressure on gold prices.
BUY GOLD zone at: $1913 - $1910 - $ SL $1900 (It is best to carefully review the FOMC news before entering the order)
BUY stop GOLD at: $1932 - SL $1923 (Make sure the candle will close above this price zone)
Based on technical analysis indicators EMA 34, EMA 89 with strong resistance zone $1940 - $1943
Note
SELL GOLD NOWNote
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Related publications
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.