According to predictions, as of yesterday, the price of gold has plummeted without brakes, with the precious metal decreasing by $19.5 to $1,938.7 per ounce. This is due to the "hawkish" signals from Federal Reserve Chairman Powell on Friday, which have engulfed gold in a context where this precious metal is lacking supportive factors.
It is expected that gold will continue its prolonged downward trend, as it has already missed two support levels at 1960 and 1945. There may be a slight recovery, but it will only serve as a corrective trend, as selling gold remains the top priority strategy in the current situation.
It is expected that gold will continue its prolonged downward trend, as it has already missed two support levels at 1960 and 1945. There may be a slight recovery, but it will only serve as a corrective trend, as selling gold remains the top priority strategy in the current situation.
Comment:
let wait
