Gold prices steadied after a slight overnight gain on Wednesday as investors worried ahead of the Federal Reserve's June meeting minutes, while copper fell amid concerns over the US trade war. - New Middle.
The yellow metal has enjoyed a small rally over the past three sessions, after plummeting below the $1,900 support last week. Fear of US interest rate hike is the biggest source of pressure on gold prices.
BUY GOLD zone at: $1913 - $1910 - $ SL $1900 (It is best to carefully review the FOMC news before entering the order)
BUY stop GOLD at: $1932 - SL $1923 (Make sure the candle will close above this price zone)
Based on technical analysis indicators EMA 34, EMA 89 with strong resistance zone $1940 - $1943
The yellow metal has enjoyed a small rally over the past three sessions, after plummeting below the $1,900 support last week. Fear of US interest rate hike is the biggest source of pressure on gold prices.
BUY GOLD zone at: $1913 - $1910 - $ SL $1900 (It is best to carefully review the FOMC news before entering the order)
BUY stop GOLD at: $1932 - SL $1923 (Make sure the candle will close above this price zone)
Based on technical analysis indicators EMA 34, EMA 89 with strong resistance zone $1940 - $1943
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SELL GOLD NOW
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