XAUUSD: Gold is trending down
Last night, the world gold price sometimes dropped to 1,908 USD/ounce. The reason is said to be the rising international stock market. In particular, on Wall Street, the Dowjones increased sharply by 314 points, the S&P 500 increased by 45 points and the Nasdaq increased by 160 points.
Perhaps, because stocks in the US and Europe increased in price, many investors sold gold to take profits and moved part of their capital into stocks. Today's world gold price has a time to fall sharply.
Perhaps, because stocks in the US and Europe increased in price, many investors sold gold to take profits and moved part of their capital into stocks. Today's world gold price has a time to fall sharply.
✔️TP1: 1914
✔️TP2: 1909
❌SL: 1927