GOLD 29/6 ? Gold has collapsed below $1900
Updated
Gold price prediction: XAU/USD is facing difficulties near its lowest point in several months and appears to be at risk of further decline.
The price of Gold is being negatively influenced by central banks taking a more aggressive stance. Major central banks, including the European Central Bank (ECB) and the Bank of England (BoE), have indicated the possibility of further interest rate hikes. ECB President Christine Lagarde recently commented that inflation in the Eurozone is entering a new phase that could persist for some time. Lagarde also mentioned that the central bank is unlikely to confidently say that peak rates have been reached in the near future. BoE Governor Andrew Bailey, speaking at the ECB conference, suggested that interest rates could remain at their peak levels for a longer period than what traders currently anticipate.
Gold price today is approaching the price range $1900-$1903
BUY zone at: $1900 - $1903
Based on technical analysis indicators EMA 34, EMA 89 , strong support zone 1900
The price of Gold is being negatively influenced by central banks taking a more aggressive stance. Major central banks, including the European Central Bank (ECB) and the Bank of England (BoE), have indicated the possibility of further interest rate hikes. ECB President Christine Lagarde recently commented that inflation in the Eurozone is entering a new phase that could persist for some time. Lagarde also mentioned that the central bank is unlikely to confidently say that peak rates have been reached in the near future. BoE Governor Andrew Bailey, speaking at the ECB conference, suggested that interest rates could remain at their peak levels for a longer period than what traders currently anticipate.
Gold price today is approaching the price range $1900-$1903
BUY zone at: $1900 - $1903
Based on technical analysis indicators EMA 34, EMA 89 , strong support zone 1900
Note
price moves to $1900 - $1903Note
tonight have news Final GDP and Unemployment Claims. Everyone enter orders carefullyNote
price hits entry and rebounds to $1910 zone, + 100 pipsNote
price is still moving sideways around $1910
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.