GOLD 16/5 ! Will gold continue to fall?Yesterday, the price of gold experienced a significant increase due to a substantial decline in the value of the US dollar, reaching its lowest point in over a month.
At present, the gold market is displaying strong resistance following the Federal Reserve's indication of the potential for two additional interest rate hikes this year. This has heightened experts' confidence in gold, leading to predictions that this valuable metal will sustainably surpass $2,000 per ounce.
Downtrend is still dominant today 6/16
Hard resistances at 1,962 - 1,965 - 1,967. In these areas, you can watch Short
Technical indicators are approaching oversold levels, and the 34 and 89 EMAs are currently moving around the $1960 level.
