Gold increased higher than 2430 after the news yesterday
Zaktualizowano
Hello dear traders!
The price of gold consolidating the strong momentum of the previous day to the highest level in two weeks in the context that the Fed will cut interest rates as soon as possible in September. Moreover, geopolitical risks and concerns aboutness Global economic downturn will continue to benefit from safe shelter from Xau/USD.
Accordingly, the technical trend continues to show that the buyer continues to be supported after the news yesterday, with the two peaks formed on the breakthrough channel the previous downtrend. In addition, the hat dynamic line (EMA) is nearly 2430 USD, continuing to provide support for gold price speculators. This has contributed to making the market hotter than ever. It is expected that this price increase will reach 2468 USD, if this level is surpassed, nothing is short of gold increasing higher than reaching 2483 USD.
At this time, the implementation phase will form. Karina is waiting for the trend change confirmation to strengthen the purpose. What is your thoughts on this issue? Do you agree with me?
The price of gold consolidating the strong momentum of the previous day to the highest level in two weeks in the context that the Fed will cut interest rates as soon as possible in September. Moreover, geopolitical risks and concerns aboutness Global economic downturn will continue to benefit from safe shelter from Xau/USD.
Accordingly, the technical trend continues to show that the buyer continues to be supported after the news yesterday, with the two peaks formed on the breakthrough channel the previous downtrend. In addition, the hat dynamic line (EMA) is nearly 2430 USD, continuing to provide support for gold price speculators. This has contributed to making the market hotter than ever. It is expected that this price increase will reach 2468 USD, if this level is surpassed, nothing is short of gold increasing higher than reaching 2483 USD.
At this time, the implementation phase will form. Karina is waiting for the trend change confirmation to strengthen the purpose. What is your thoughts on this issue? Do you agree with me?
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Weak gold below 2435 in the European sessionZlecenie aktywne
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