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Today, the gold market has broken the upward trend from $1900 per ounce and continues to trade at a low price in a challenging environment.
From a technical perspective, gold may retest the level of 1888 before new developments push it forward.
Today, the gold market has broken the upward trend from $1900 per ounce and continues to trade at a low price in a challenging environment.
From a technical perspective, gold may retest the level of 1888 before new developments push it forward.
Note
Dear friends, I am very sorry that this morning gold broke out of the target zoneNote
as the hawkish stance of the US Federal Reserve (Fed) continues to boost the rise in bond yields and the USD and crush the bullish trend of the metals market.Note
The DXY index (measuring the fluctuation of the USD compared to 6 major currencies) continued to increase and reached 106.4 points. DXY index reached its highest level in 6.5 months. Meanwhile, US bond yields reached a 16-year high.Note
Note
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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.