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.
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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.
📊 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
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.