Sphyn-Trader

XAUUSD: Seller's position!

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OANDA:XAUUSD   黄金现货/美元
Fundamental Overview

The price of spot gold surged during the beginning of the American session and is currently hovering around 2,019.33$ per troy ounce, which is a new three-week high. At the start of the day, the US Dollar appeared to be strong, but it took a significant hit after the release of unimpressive US data and a decrease in government bond yields. Additionally, the stock markets experienced a sharp decline due to concerns about the banking sector, leading to an increase in demand for the safe-haven metal.

It is forecasted that the 2000-2005 price range will have a slight correction

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