⚡️This notion weighed on the dollar and Treasury yields, allowing the yellow metal to appreciate on the prospect of fewer increases in its opportunity cost.
⚡️A softer dollar also helped spur gains in copper, with the red metal benefiting from increased optimism over more stimulus measures in major importer China, as well as signs of some recovery in Chinese business activity.
⚡️Focus is now on more economic indicators from China this week, as well as any more cues on the U.S. economy and future rate hikes. But trading in metal markets is expected to remain somewhat limited on Monday, on account of a U.S. market holiday.
⚡️The H4 chart shows that the price line is trading above the EMA, the uptrend can continue to break the last resistance zone 195x, to enter a downtrend, if the buying force is not enough to break, the resistance zone 1945, then Price will continue to follow a downtrend.
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