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GOLD STILL HAS MOMENT TO RISE

EXCHANGE TRADING KNOWLEDGE
Nguyễn Thành Lợi

Gold rose rapidly to $2,000 during the day

The uptrend is still continuing, with the recent unfavorable data of the dollar, the rise of Gold is still very positive, currently the FOMC meeting has not caused bond interest rates to fluctuate much. But expectations of the FED cutting interest rates are very positive, as evidenced by the fact that US 10-year interest rates are creating a downward trend.

Yesterday, the gold price hit the resistance level of $2008, then corrected downward. The current price tends to adjust to gain momentum if it wants to increase. The potential zone may fall in the 0.236 fibo zone in the H1 frame.


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Last updated: 11/22/2023 05:04

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