This morning, world gold prices continued to decline with spot gold down 11.4 USD to 1,864.8 USD/ounce. Gold futures last traded at 1,882.3 USD/ounce, down 8.6 USD compared to yesterday morning.
Experts predict that gold is likely to fall deeper in the short term and even test the support level at $1,800/ounce after falling below $1,900 for the first time since March. However, , an optimistic market analyst said that any short-term weakness should not change the long-term bullish outlook for the precious metal.
Ole Hansen, commodity strategist at Saxo Bank, said that, with the 10-year bond yield currently trading near a new 16-year high at 4.6% and the US Dollar Index holding at the highest level in nearly a year (above 106 points), gold's sell-off should have happened sooner. He added that, even after Wednesday's sell-off, gold prices remained relatively strong.
GOLD BUY 1861- 1863💎
✔️TP : 1866
✔️TP : 1870
⚠️SL : 1855
Experts predict that gold is likely to fall deeper in the short term and even test the support level at $1,800/ounce after falling below $1,900 for the first time since March. However, , an optimistic market analyst said that any short-term weakness should not change the long-term bullish outlook for the precious metal.
Ole Hansen, commodity strategist at Saxo Bank, said that, with the 10-year bond yield currently trading near a new 16-year high at 4.6% and the US Dollar Index holding at the highest level in nearly a year (above 106 points), gold's sell-off should have happened sooner. He added that, even after Wednesday's sell-off, gold prices remained relatively strong.
GOLD BUY 1861- 1863💎✔️TP : 1866
✔️TP : 1870
⚠️SL : 1855
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🔴24/7 support for newbies.
🔴You always have priority.
(don't copy, click on the links!)
🟢Telegram Channel: t.me/xauusdtradingfx
🔴9-12 signals per day
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🔴24/7 support for newbies.
🔴You always have priority.
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면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.