phoenixTraders2020

Gold trying to break the long term downtrend

TVC:GOLD   CFD Oro (US$/OZ)
In last couple of weeks, due to the dollar weakness and Us treasury yield descend; Gold could enter to the bullish trend. This continued till last week that could pass the resistance zone on 1750-60$. Based on what is going to happen in next days to end of April, it most likely attend to the same way to reach to the 1805-19$ zone. This could be stronger idea when we know that still pandemic worries are in place and also there would not be any important appointment for FED until April end. However, any hopes for US economy or 10 year yield increase could change the direction.

Declinazione di responsabilità

Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.