Gold prices continue to decline this week due to previous information. The market expects gold to trade around $1,950 for the rest of the summer as solid economic growth supports expectations that the Fed will maintain a hawkish stance until the end of the year.
However, experts remain optimistic about the long-term prospects of the precious metal. The recent WGC report suggests that there is a chance for gold prices to rise in the second half of 2023.
However, experts remain optimistic about the long-term prospects of the precious metal. The recent WGC report suggests that there is a chance for gold prices to rise in the second half of 2023.
评论:
The central bank's gold demand reached a record high, indicating the significance of gold as a safe haven asset amidst global political tension and challenging economic conditions. Despite a slower growth rate in Q2, the central bank's trend of purchasing gold has controlled the gold market.
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🕯 SELL GOLD | 1950 - 1953
🔴 SL: 1958
🟢 TP1: 1942
🟢 TP2: 1932
🕯 BUY GOLD | 1923 - 1926
🔴 SL: 1918
🟢 TP1: 1933
🟢 TP2: 1940
🔴 SL: 1958
🟢 TP1: 1942
🟢 TP2: 1932
🕯 BUY GOLD | 1923 - 1926
🔴 SL: 1918
🟢 TP1: 1933
🟢 TP2: 1940
交易开始:
⭐️Plan to BUY Runnings + 40pips 💲💲💲
交易开始:
⭐️Plan to BUY Runnings + 70pips 💲💲💲
评论:
Yesterday, the gold price dropped to $1,923, which is also the Fibo 61.8 Demand Zone. It then had a correction to $1,932 but weakened again, forming lower lows. This could lead to further price declines today, especially if it closes below the EMA200. The H1 chart shows a continuous downtrend along the Trendline. The current key level is $1,932xx and needs to be broken.
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🟢Gold reverses its losses as inflation in America rose less than expected.
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World gold price continued its downtrend, USD rose again after US inflation data.
