Beneficial returns of gold
Updated
Gold continues to trend higher, benefiting from a cooling US dollar and stable Fed interest rates. These two main factors act as powerful levers for the rapid rise in gold prices since the 1933 weakness of the US dollar.
Year-to-date, gold has gained nearly 500 pips in the past week and is approaching resistance at $1,996. To return to the 2010 USD peak, gold will need to maintain its current price stability. Strong support for gold will be at $1,990.
Year-to-date, gold has gained nearly 500 pips in the past week and is approaching resistance at $1,996. To return to the 2010 USD peak, gold will need to maintain its current price stability. Strong support for gold will be at $1,990.
Comment
Please continue to follow XAU's direction, everyoneComment
Gold is running very slowly waiting for news tonightComment
We have PMI news tonightComment
Good news for USD, gold will fall sharplyComment
Gold continues to rise after PMI newsComment
Gold price increased the highest in the short term, the highest recorded price in 2018Comment
SELL 2013TP: 2008
SL 2020
Comment
running + 40 pipsComment
Hit TP1Comment
SELL XAUUSD 2015-2017TP1 2008
TP2 2000
SL 2022
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