GOLD
OUTLOOK
Gold prices rose during these trading moments, today, Wednesday, as a slight decline in the US dollar and Treasury bond yields helped bullion rise above the key level of $ 1904.
Meanwhile, investors are awaiting comments from top central bankers on the path of interest rates at the Jackson Hole conference.
The annual Jackson Hole symposium of central banks in Wyoming later in the week will be closely watched for any hints of a rate hike, with a particular focus on Federal Reserve Chairman Jerome Powell's speech on Friday.
The price of Gold can stable above important resistance line 1902 and the yellow metal is still attracting interest to investors after shows some stability above resistance line so now as long as price trade above that resistance line we expect the price will be continue at the bullish trend to reach 1912 and it can go a little further to 1925 in the short term
Today news will affect the market
trade save
The expect trading range for today it will be between resistance line 1912 and support line 1902
support line : 1902 , 1895
resistance line : 1912 , 1925
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OUTLOOK
Gold prices rose during these trading moments, today, Wednesday, as a slight decline in the US dollar and Treasury bond yields helped bullion rise above the key level of $ 1904.
Meanwhile, investors are awaiting comments from top central bankers on the path of interest rates at the Jackson Hole conference.
The annual Jackson Hole symposium of central banks in Wyoming later in the week will be closely watched for any hints of a rate hike, with a particular focus on Federal Reserve Chairman Jerome Powell's speech on Friday.
The price of Gold can stable above important resistance line 1902 and the yellow metal is still attracting interest to investors after shows some stability above resistance line so now as long as price trade above that resistance line we expect the price will be continue at the bullish trend to reach 1912 and it can go a little further to 1925 in the short term
Today news will affect the market
trade save
The expect trading range for today it will be between resistance line 1912 and support line 1902
support line : 1902 , 1895
resistance line : 1912 , 1925
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
トレード終了: 利益確定目標に到達:
like we said the price will reach to the resistance line 1912 to be continue at the bullish trend at first should stable above 1912 and then it will reach 1925
consolidation under 1912 it will drop again to 1902
be care we have news after 5 minutes
consolidation under 1912 it will drop again to 1902
be care we have news after 5 minutes
