Warning: Gold may continue to decline
Hello everyone, it’s me, Alisa, again. Let’s analyze today’s gold price movements together!
Gold has dropped to $2,640 per ounce. This decline occurred after U.S. employment data was released more positively than expected, raising investor concerns about the possibility of the U.S. Federal Reserve (FED) continuing to ease monetary policy.
According to the 1-hour technical analysis, Alisa observes that gold is in a downward trend. If no factors support a reversal, the key support level of $2,640 could be broken. Investors need to closely monitor market developments to make timely decisions.
What do you think about today’s gold price? Let me know!
Gold has dropped to $2,640 per ounce. This decline occurred after U.S. employment data was released more positively than expected, raising investor concerns about the possibility of the U.S. Federal Reserve (FED) continuing to ease monetary policy.
According to the 1-hour technical analysis, Alisa observes that gold is in a downward trend. If no factors support a reversal, the key support level of $2,640 could be broken. Investors need to closely monitor market developments to make timely decisions.
What do you think about today’s gold price? Let me know!
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