Hello friends, according to the following, we have the possibility of a downward movement in gold
Gold continued its movement in a descending triangle for 4 hours in a time frame. It also has a support line, which will break the line up to the support line of the triangle.
With the market focusing on ceasefire talks and the Federal Reserve becoming more hawkish, Wall Street has fallen below gold, and eyes are fixed on the $ 1,900 resistance.
Given the possible progress in the ceasefire talks between Russia and Ukraine, some market analysts have found a downward trend and expect the price of gold to fall next week.
The results of the latest Kitco Gold Weekly Survey show that most Wall Street analysts are currently downtrending on the precious metal. Although small investors are still optimistic about gold in the short term, sentiment has fallen sharply from the previous week.
Gold continued its movement in a descending triangle for 4 hours in a time frame. It also has a support line, which will break the line up to the support line of the triangle.
With the market focusing on ceasefire talks and the Federal Reserve becoming more hawkish, Wall Street has fallen below gold, and eyes are fixed on the $ 1,900 resistance.
Given the possible progress in the ceasefire talks between Russia and Ukraine, some market analysts have found a downward trend and expect the price of gold to fall next week.
The results of the latest Kitco Gold Weekly Survey show that most Wall Street analysts are currently downtrending on the precious metal. Although small investors are still optimistic about gold in the short term, sentiment has fallen sharply from the previous week.