Hello dear traders, what do you think about Gold?
Currently, the gold market continues to decline after breaking the upward trend line at $1920 and trading at $1911, a decrease of about $5 compared to this morning's trading session.
It can be seen that the recovery of the US dollar is an important factor affecting this precious metal, causing its price to drop. On the 4-hour chart, gold is still searching for a new low price. We still maintain the view that the important support level to watch is $1910 per ounce.
Currently, the gold market continues to decline after breaking the upward trend line at $1920 and trading at $1911, a decrease of about $5 compared to this morning's trading session.
It can be seen that the recovery of the US dollar is an important factor affecting this precious metal, causing its price to drop. On the 4-hour chart, gold is still searching for a new low price. We still maintain the view that the important support level to watch is $1910 per ounce.
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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.