Gold Markets Have an Explosive Day - XAUUSD gold goldprice
A lot of this could come down to risk appetite, so pay attention to what other markets are doing. If there seems to be a general concern about owning anything that has risk attached to it, that may or may not work for gold, depending on how traders are looking at it. I know it’s a bit confusing, but at the end of the day gold can be a lot of different things.
On the downside, I see the $1840 level as a potential area of support, and therefore could be an area where you could reenter the market if we do pull back. I don’t have any interest in shorting gold, at least not in the meantime. I think it is probably only a matter of time before gold takes off toward the $2000 level, especially if yields continue to fall. After all, if people start buying bonds again, that will drive yields lower.
As things stand right now, I do believe that we are in the process of a longer-term bottoming pattern.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Gold Futures: Scope for the continuation of the uptrendCME Group’s flash data for gold futures markets noted open interest increased for the first time since May 12, now by around 5.7K contracts. Volume, i
Leer más »
Gold Price Forecast: XAUUSD to surge higher towards $1,900 on a daily close above $1,870Gold Price picked up renewed bids on Thursday to hit fresh monthly highs at $1,871, surpassing the previous week’s top of $1,870. Will XAUUSD extend t
Leer más »
Gold Price Forecast: Bulls return with a vengeanceXAUUSD Current price: $1,868.25 Softer-than-anticipated US employment figures undermined demand for the greenback. US Federal Reserve Vice-Chair Brai
Leer más »
Elvis Presley’s One-of-a-Kind Gold Ebel Watch Is up for SaleThe one-of-a-kind piece sports no less than 26 round white diamonds.
Leer más »
Gold Price Forecast: XAU/USD rebounds to $1850 despite higher US yieldsGold prices bounced from multi-day lows under $1830 to the $1850 area after the beginning of the American session and despite higher US yields. XAU/US
Leer más »
Gold Price Forecast: XAU/USD rebounds to $1850 despite higher US yieldsGold prices bounced from multi-day lows under $1830 to the $1850 area after the beginning of the American session and despite higher US yields. XAU/US
Leer más »