👋Hello everyone, what do you think about the gold price today?
Gold prices are currently undergoing a mild correction, giving back part of the strong gains recorded late in yesterday’s session, and are now consolidating around the key 4,300 USD level after reaching a multi-week high earlier.
This move is driven by expectations that the US Federal Reserve (Fed) will continue to cut interest rates next year. Overall, gold remains on an upward trajectory despite a stronger US dollar and a broad rise in US Treasury yields.
From a technical perspective, the 4,250 USD resistance level has been convincingly broken and has now turned into a new support zone. This area is viewed as a launchpad for the precious metal to continue advancing toward the next resistance level at 4,370 USD.
And you — what’s your view on the gold price today?
Gold prices are currently undergoing a mild correction, giving back part of the strong gains recorded late in yesterday’s session, and are now consolidating around the key 4,300 USD level after reaching a multi-week high earlier.
This move is driven by expectations that the US Federal Reserve (Fed) will continue to cut interest rates next year. Overall, gold remains on an upward trajectory despite a stronger US dollar and a broad rise in US Treasury yields.
From a technical perspective, the 4,250 USD resistance level has been convincingly broken and has now turned into a new support zone. This area is viewed as a launchpad for the precious metal to continue advancing toward the next resistance level at 4,370 USD.
And you — what’s your view on the gold price today?
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إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.