Gold is currently undergoing a weak correction, and ahead of the Fed's interest rate decision this week, it's highly likely to maintain a sideways trend on Monday and Tuesday.
Gold closed with a clear bearish signal last week, and the overall trend this week is downward. It has since broken below the $5000 mark in early Asian trading before rebounding slightly. The short-term resistance level to watch is the Asian morning high of 5030, as well as the 5055 and 5065 range. If the price remains below this resistance, a bearish outlook should be maintained.
That's the nature of the market. Risk and opportunity always coexist. We suggest paying attention to the upper resistance levels and selling when necessary. Wishing you all a successful trading week.
Gold closed with a clear bearish signal last week, and the overall trend this week is downward. It has since broken below the $5000 mark in early Asian trading before rebounding slightly. The short-term resistance level to watch is the Asian morning high of 5030, as well as the 5055 and 5065 range. If the price remains below this resistance, a bearish outlook should be maintained.
That's the nature of the market. Risk and opportunity always coexist. We suggest paying attention to the upper resistance levels and selling when necessary. Wishing you all a successful trading week.
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The price has declined from its high of 5030. Those executing short positions, please keep a close watch on the downside lows and close your positions in a timely manner.
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Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.