Gold retreated and decreased in price, waiting for an opportunit
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Hello dear friends, Brian is here again to discuss the current market situation!
Currently, gold is showing signs of weakness and trading at a low level below $1930, in the context of the strengthening US dollar due to decisions made by the Fed.
Gold is currently below the EMA 34 and 89 lines, indicating a downward trend with important levels:
Support levels: $1,907.30, $1,897.20, $1,884.70
Resistance levels: $1,921.80, $1,933.30, $1,946.10
Currently, gold is showing signs of weakness and trading at a low level below $1930, in the context of the strengthening US dollar due to decisions made by the Fed.
Gold is currently below the EMA 34 and 89 lines, indicating a downward trend with important levels:
Support levels: $1,907.30, $1,897.20, $1,884.70
Resistance levels: $1,921.80, $1,933.30, $1,946.10
Commento
good luckCommento
The DXY index (which measures the greenback's fluctuations against six major world currencies) traded at 105.4 points.Commento
In terms of gold price predictions, Brian believes that the price of this precious metal may retreat within a narrow range of $1,925-$1,916 per ounce, as it has failed to break through the resistance zone of $1,933-$1,935 per ounce.
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