Sharp Decline Amidst Easing Political Tensions
Hello dear friends, what do you anticipate the price of Gold will be today?
Yesterday, we witnessed a fluctuation in the gold market, as the price dropped below 2,400 USD near the threshold of 2,310 USD. In the Asian trading session on Tuesday, Gold continued its downward trend below the 2,300 USD mark. This decline is attributed to the easing of tensions in the political situation between Israel and Iran. Additionally, the Federal Reserve's decision to delay interest rate cuts has further pressured gold prices.
Technically, we see that the Gold price is being supported in its downward trend by various technical indicators. This is evident as the price is trading below the Simple Moving Average (SMA) and the Relative Strength Index (RSI) is trading near the oversold zone, indicating that the price is in a strong downward phase. The price's target is to find support near the 2,270 USD level before moving towards the next support zones.
Yesterday, we witnessed a fluctuation in the gold market, as the price dropped below 2,400 USD near the threshold of 2,310 USD. In the Asian trading session on Tuesday, Gold continued its downward trend below the 2,300 USD mark. This decline is attributed to the easing of tensions in the political situation between Israel and Iran. Additionally, the Federal Reserve's decision to delay interest rate cuts has further pressured gold prices.
Technically, we see that the Gold price is being supported in its downward trend by various technical indicators. This is evident as the price is trading below the Simple Moving Average (SMA) and the Relative Strength Index (RSI) is trading near the oversold zone, indicating that the price is in a strong downward phase. The price's target is to find support near the 2,270 USD level before moving towards the next support zones.
ความคิดเห็น:
ความคิดเห็น:
Gold surged near $2,330 after US PMI data
ความคิดเห็น:
ความคิดเห็น:
⭐️Please join my community today at:
t.me/+P8VWYYU0gGsyNDJl
✅ Get a transaction signal with a win rate of up to 80%
✅ Enjoy free signals with high accuracy to bring your transactions to a new level.
t.me/+P8VWYYU0gGsyNDJl
✅ Get a transaction signal with a win rate of up to 80%
✅ Enjoy free signals with high accuracy to bring your transactions to a new level.
