Uptrend of gold - 12/07/2023
The price of gold 
XAUUSD, has resumed its upward movement after a slight correction to around $1,930.00 during the London session. This increase in price can be attributed to the weakening of the US Dollar Index (DXY) ahead of the release of the Consumer Price Index (CPI) data on Wednesday at 12:30 GMT.
The US Dollar Index (DXY) has found temporary support around 101.68. It is expected that the USD Index will continue to decline due to strong labor market conditions and a decrease in inflationary pressures caused by lower gasoline prices. Additionally, the 10-year US Treasury yields have dropped to approximately 3.96%.
Furthermore, the Relative Strength Index (RSI) (14) has entered the bullish range of 60.00-80.00, indicating the start of a bullish momentum.
XAUUSD, has resumed its upward movement after a slight correction to around $1,930.00 during the London session. This increase in price can be attributed to the weakening of the US Dollar Index (DXY) ahead of the release of the Consumer Price Index (CPI) data on Wednesday at 12:30 GMT.The US Dollar Index (DXY) has found temporary support around 101.68. It is expected that the USD Index will continue to decline due to strong labor market conditions and a decrease in inflationary pressures caused by lower gasoline prices. Additionally, the 10-year US Treasury yields have dropped to approximately 3.96%.
Furthermore, the Relative Strength Index (RSI) (14) has entered the bullish range of 60.00-80.00, indicating the start of a bullish momentum.
Nota
FULL TP
Penerbitan berkaitan
Penafian
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Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.