Gold price continues to decline, can it turn back?
Hello traders!
Today, Gold continues to monitor the reduction with the adjustment that is gradually reaching the resistance level of 2030 - 2031 USD and may be repelled by the bear when this metal is still under pressure to sell in the context of the Chairman. of Ministry. The US Archive (Fed) - Jerome Powell stated that he would be cautious in a cunning interest rate by 2024.
In response to this information, the market thinks that the Fed is not sure in reducing interest rates. Since then, financial investors have put capital in USD to help this money have increased to the highest level in the past 3 months. Gold price is now under pressure of going down and can reach 2005 USD if USD support 2015 can no longer be supported after many decreases!
Wish you a good transaction
Today, Gold continues to monitor the reduction with the adjustment that is gradually reaching the resistance level of 2030 - 2031 USD and may be repelled by the bear when this metal is still under pressure to sell in the context of the Chairman. of Ministry. The US Archive (Fed) - Jerome Powell stated that he would be cautious in a cunning interest rate by 2024.
In response to this information, the market thinks that the Fed is not sure in reducing interest rates. Since then, financial investors have put capital in USD to help this money have increased to the highest level in the past 3 months. Gold price is now under pressure of going down and can reach 2005 USD if USD support 2015 can no longer be supported after many decreases!
Wish you a good transaction
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