Hello traders, I think gold will first go up to around 1966-1970, then if it can't break through 1970, it will start to fall, what do you think? From the 4-hour chart, there is a little pressure around 1962 above, but the upward trend is strong, so I think this position will still break through, and then look at the important pressure before 1970 above. It is...
TVC:GOLD Gold price (XAU/USD) failed to defend the immediate support at 1975$ during the Asian session. The precious metal fell sharply as Federal Reserve (Fed) policymakers were confident the central bank would raise interest rates more in its fight against persistent US inflation. Gold prices are expected to plummet after breaking below the demand zone placed...
Gold prices remained pressured on Thursday for the second straight day despite a weaker US economy. The reason may be related to the market rushing into the US Dollar amid concerns about the expiration of the US debt ceiling and the collapse of the banking system. The news becomes even more important and negatively impacts risk appetite as the US Treasury has...