👋Hello everyone, what do you think about the gold price today?
Gold prices are currently undergoing a mild correction, giving back part of the strong gains recorded late in yesterday’s session, and are now consolidating around the key 4,300 USD level after reaching a multi-week high earlier.
This move is driven by expectations that the US Federal Reserve (Fed) will continue to cut interest rates next year. Overall, gold remains on an upward trajectory despite a stronger US dollar and a broad rise in US Treasury yields.
From a technical perspective, the 4,250 USD resistance level has been convincingly broken and has now turned into a new support zone. This area is viewed as a launchpad for the precious metal to continue advancing toward the next resistance level at 4,370 USD.
And you — what’s your view on the gold price today?
Gold prices are currently undergoing a mild correction, giving back part of the strong gains recorded late in yesterday’s session, and are now consolidating around the key 4,300 USD level after reaching a multi-week high earlier.
This move is driven by expectations that the US Federal Reserve (Fed) will continue to cut interest rates next year. Overall, gold remains on an upward trajectory despite a stronger US dollar and a broad rise in US Treasury yields.
From a technical perspective, the 4,250 USD resistance level has been convincingly broken and has now turned into a new support zone. This area is viewed as a launchpad for the precious metal to continue advancing toward the next resistance level at 4,370 USD.
And you — what’s your view on the gold price today?
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Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.