Here are some of my thoughts that I hope you will appreciate. Currently, the interest rates of US bonds will play a significant role in influencing the USD price movement if there is no relevant economic data from the United States. Additionally, a higher level of risk sentiment will allow traders to seize short-term opportunities around the Gold price on weekends and extend into the new week.
From a technical perspective, Gold is clearly on a downward trend. On a weekly basis, Gold is heading towards its nearest target at $1870 as a milestone.
Thank you to all readers for your attention. Wishing you successful trading endeavors!
From a technical perspective, Gold is clearly on a downward trend. On a weekly basis, Gold is heading towards its nearest target at $1870 as a milestone.
Thank you to all readers for your attention. Wishing you successful trading endeavors!
Comment:
Of more than 940 survey respondents, the odds of gold price rising and falling are approximately the same, with 44% predicting the price will go up while 41% predict the opposite. Only 140 people, or 15%, have a neutral opinion.
Comment:
Trading on the market fell sharply, investors were afraid. SPDR Gold Trust, the world's largest gold exchange-traded fund, reduced its gold reserves to its lowest level since January 2020.
Comment:
This week, before the annual meeting of the Federal Reserve (Fed), gold prices are expected to remain relatively stable with minimal fluctuations.
