Hello dear traders! Gold today increased as predicted to nearly $1880. Gold is trading steadily due to the decrease in US Treasury yields caused by the latest FED meeting minutes.
The 1-hour chart shows that after breaking out of the sideways movement last week, Gold made a significant jump to reach $1876 and continues its upward trend, currently trading at $1877.
From a personal perspective, Gold is expected to reach $1900 after touching $1880 today and then face resistance at the previously broken support level before the trend continues.
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The 1-hour chart shows that after breaking out of the sideways movement last week, Gold made a significant jump to reach $1876 and continues its upward trend, currently trading at $1877.
From a personal perspective, Gold is expected to reach $1900 after touching $1880 today and then face resistance at the previously broken support level before the trend continues.
If you found this article helpful, please leave a like and follow for the latest updates.
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The IGCS Index indicates that about 83% of retail traders have a long position in gold. This shows that prices may continue to decrease in the near future. However, the odds of betting on the downside have increased compared to yesterday and last week, at 18.59% and 26.67% respectively. Taking this into account, recent changes in exposure suggest that prices may soon start rising again.
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The USD Index dropped to 105.8 points, causing the USD to decrease in value compared to 6 other strong currencies, including: Euro, JPY (Japanese Yen), GBP (British Pound), CAD (Canadian Dollar), SEK (Swedish Krona). Sweden) and CHF (Swiss Franc). This factor has created momentum for gold prices to flourish today.
交易开始
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Gold is accumulating around 1880
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Signals on the possibility of the US Federal Reserve (Fed) temporarily suspended interest rates also contribute to pushing gold prices up.
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Big win for whoever is buying
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everything is as expected
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The Gold market is showing a reversal at the 1910 level
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交易结束：到达目标
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The US Federal Reserve (Fed) is unlikely to be able to bring inflation back to its 2% target before being forced to cut interest rates.
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The US Federal Reserve (FED) is unlikely to be able to bring inflation back to its 2% target before being forced to cut interest rates. According to the CME Fedwatch tool, traders believe the Fed has a 38% chance of raising interest rates in December, compared with about a 28% chance before the report's release.
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