What's next for gold?
This is the 1-hour trend forecast for gold. Conclusions drawn from short-term trends.
Several factors affecting gold, interest rates. geopolitics. The dollar appreciates. war. Will make the trend of gold become confusing. So how to grasp a good trading opportunity. It is also necessary to know these news. A rate hike is imminent now. Boost the dollar. The U.S. dollar as the pricing unit of gold will directly affect gold. The decline should be a matter of time.
Risk aversion caused by war?
In fact, they are all talking again. The market is immune. So as long as it is not very intense, then the reference is of little significance.
Now it depends on the rate hike. This is an aspect that has a very large impact on gold in the short term. There will also be non-agricultural data released this Friday, which will undoubtedly have a huge impact on gold. The US dollar is an indirect indicator of the US economic situation.
If you don't know how to accurately control risks and trade safely, you can join me. Let's discuss communication together.
