Gold will have a recovery rhythm after a sudden increase
Updated
Yesterday gold had a bullish cycle from 1965->1991
The main reason is because the world gold fund bought an amount of approximately 13 tons, causing gold to increase rapidly on a day without news, bringing the gold price back to the 1992 resistance zone.
A rise in US Treasury yields put some pressure on the yellow metal in the first trade of the week. Meanwhile, advisers are still waiting for the minutes of the Federal Reserve's latest meeting to raise further concerns about central bank interest rates. Minutes will be published on Tuesday (US time).
TD Securities' trading strategy is premised on adhering to the Fed's view that future interest rate decisions depend on the ability to identify and sustain high interest rates for as long as necessary. .
The main reason is because the world gold fund bought an amount of approximately 13 tons, causing gold to increase rapidly on a day without news, bringing the gold price back to the 1992 resistance zone.
A rise in US Treasury yields put some pressure on the yellow metal in the first trade of the week. Meanwhile, advisers are still waiting for the minutes of the Federal Reserve's latest meeting to raise further concerns about central bank interest rates. Minutes will be published on Tuesday (US time).
TD Securities' trading strategy is premised on adhering to the Fed's view that future interest rate decisions depend on the ability to identify and sustain high interest rates for as long as necessary. .
Note
BUY 1990 - 1992TP1: 1996
TP2: 2000
SL:1986
Note
We will continue the price fluctuations todayNote
HIT TP1Note
HIT TP 2Note
main prediction todayCongratulations because we have good profits
Note
Close all orders and sell in 1995 - 1997Note
TP 1990Note
SL 2010Note
Gold moves as expectedNote
We have news tonightNote
Unemployment Claims news tonightNote
The market doesn't seem to fluctuate muchNote
Follow gold's next stepsNote
We will buy in 1990Note
We have PMI news tonight
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