The gold market is currently under pressure due to:
- Recent statements from the U.S. Federal Reserve (Fed).
- A stronger U.S. dollar, which reduces gold’s appeal.
Previously, gold had been supported by:
- A weaker dollar following Moody’s downgrade of the U.S. credit rating.
- However, increased interest in risk assets and hopes for peace between Russia and Ukraine have reduced demand for gold.
Key factors to watch going forward:
• Statements from the Fed
• Developments in trade negotiations
Possible scenario:
• The bearish trend remains dominant.
• A short-selling wave and a breakdown from the triangle pattern may occur.
• A further drop toward the 3150–3120 zone is possible.
- Recent statements from the U.S. Federal Reserve (Fed).
- A stronger U.S. dollar, which reduces gold’s appeal.
Previously, gold had been supported by:
- A weaker dollar following Moody’s downgrade of the U.S. credit rating.
- However, increased interest in risk assets and hopes for peace between Russia and Ukraine have reduced demand for gold.
Key factors to watch going forward:
• Statements from the Fed
• Developments in trade negotiations
Possible scenario:
• The bearish trend remains dominant.
• A short-selling wave and a breakdown from the triangle pattern may occur.
• A further drop toward the 3150–3120 zone is possible.
📊 Forex | Gold | Crypto Market Insights
📰 Real-time news updates & expert analysis
💡 Technical breakdowns & market outlooks
🔗 Join our free group: telegram.me/+DmS-dVFJMm40MDM9
📰 Real-time news updates & expert analysis
💡 Technical breakdowns & market outlooks
🔗 Join our free group: telegram.me/+DmS-dVFJMm40MDM9
Publikasi terkait
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.
📊 Forex | Gold | Crypto Market Insights
📰 Real-time news updates & expert analysis
💡 Technical breakdowns & market outlooks
🔗 Join our free group: telegram.me/+DmS-dVFJMm40MDM9
📰 Real-time news updates & expert analysis
💡 Technical breakdowns & market outlooks
🔗 Join our free group: telegram.me/+DmS-dVFJMm40MDM9
Publikasi terkait
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.