This morning, world gold prices continued to decline with spot gold down 11.4 USD to 1,864.8 USD/ounce. Gold futures last traded at 1,882.3 USD/ounce, down 8.6 USD compared to yesterday morning.
Experts predict that gold is likely to fall deeper in the short term and even test the support level at $1,800/ounce after falling below $1,900 for the first time since March. However, , an optimistic market analyst said that any short-term weakness should not change the long-term bullish outlook for the precious metal.
Ole Hansen, commodity strategist at Saxo Bank, said that, with the 10-year bond yield currently trading near a new 16-year high at 4.6% and the US Dollar Index holding at the highest level in nearly a year (above 106 points), gold's sell-off should have happened sooner. He added that, even after Wednesday's sell-off, gold prices remained relatively strong.
XAUUSD BUY 1861 - 1863 ✔️✔️
✔️TP1: 1866
✔️TP2: 1870
❌SL: 1855
Experts predict that gold is likely to fall deeper in the short term and even test the support level at $1,800/ounce after falling below $1,900 for the first time since March. However, , an optimistic market analyst said that any short-term weakness should not change the long-term bullish outlook for the precious metal.
Ole Hansen, commodity strategist at Saxo Bank, said that, with the 10-year bond yield currently trading near a new 16-year high at 4.6% and the US Dollar Index holding at the highest level in nearly a year (above 106 points), gold's sell-off should have happened sooner. He added that, even after Wednesday's sell-off, gold prices remained relatively strong.
XAUUSD BUY 1861 - 1863 ✔️✔️✔️TP1: 1866
✔️TP2: 1870
❌SL: 1855
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.