Dear Traders,
Today we will be looking at the factors that affect the gold, however, let’s focus on what we are expecting price to do next week. Gold traded in a range of 1920-1928 on friday indicating a low level of interest from buyers and same goes for sellers. In most cases, prices tends to fell more as we will sellers dominance on MONDAY. Once prices drops, it is very likely that it will reach the 1900 region.
Factors that affect GOLD prices:
First one is ‘USD as CURRENCY VALUE’: Gold is typically priced in US DOLLAR, so changes in the value of the dollar can affect gold prices. When the dollar is strong, gold is more expensive for buyers using other currencies, which can decrease the demand and lower the price. Likewise, when the dollar is weak, gold is cheaper for buyers using other currencies which can increase demand and raise prices.
Secondly, Geopolitical events can create uncertainty, leading investors to seek out "safe haven" investments like gold. This can increase demand and drive up prices. Especially, in counties like India where on festive season gold demand increases sharply which clearly out rank the supply.
Today we will be looking at the factors that affect the gold, however, let’s focus on what we are expecting price to do next week. Gold traded in a range of 1920-1928 on friday indicating a low level of interest from buyers and same goes for sellers. In most cases, prices tends to fell more as we will sellers dominance on MONDAY. Once prices drops, it is very likely that it will reach the 1900 region.
Factors that affect GOLD prices:
First one is ‘USD as CURRENCY VALUE’: Gold is typically priced in US DOLLAR, so changes in the value of the dollar can affect gold prices. When the dollar is strong, gold is more expensive for buyers using other currencies, which can decrease the demand and lower the price. Likewise, when the dollar is weak, gold is cheaper for buyers using other currencies which can increase demand and raise prices.
Secondly, Geopolitical events can create uncertainty, leading investors to seek out "safe haven" investments like gold. This can increase demand and drive up prices. Especially, in counties like India where on festive season gold demand increases sharply which clearly out rank the supply.
Trade fechado: objetivo atingido
Dear traders price have reached an important level and may reject from here, it’s better to close it here with 150 + PIPS PROFIT. Thanks.Trade fechado: objetivo atingido
TP HIT COMPLETELY 250+ PIPS
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Looking for intraday signals on Forex and XAUUSD (GOLD)?
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Use our bot: t.me/SwingTradersUK_BOT
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FREE TELEGRAM GROUP: t.me/ssetupsfx_success
Looking for intraday signals on Forex and XAUUSD (GOLD)?
Use our bot: t.me/SwingTradersUK_BOT
Looking for intraday signals on Forex and XAUUSD (GOLD)?
Use our bot: t.me/SwingTradersUK_BOT
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.