Hello everyone, gold traded relatively calmly today at a high level after breaking out of the previous downtrend.
Today, the price of gold was supported by the decline in US Treasury bond yields. As a result, the US dollar (USD) weakened as the US Dollar Index (DXY), which tracks this currency against six other currencies, fell by 0.05%.
From the analysis chart: Gold is trading sideways as XAU/USD has been unable to surpass the psychological resistance level of $2,035 for the past 12 days. However, the upward trend is still intact, and if buyers reclaim the $2,035 level, it could open up an opportunity to challenge the psychological level of $2,050.
Today, the price of gold was supported by the decline in US Treasury bond yields. As a result, the US dollar (USD) weakened as the US Dollar Index (DXY), which tracks this currency against six other currencies, fell by 0.05%.
From the analysis chart: Gold is trading sideways as XAU/USD has been unable to surpass the psychological resistance level of $2,035 for the past 12 days. However, the upward trend is still intact, and if buyers reclaim the $2,035 level, it could open up an opportunity to challenge the psychological level of $2,050.
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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.