Gold Markets See an Attempt at Support Forex Gold Trading
Conversely, should the market break below the $1950 level, it is likely to gather downward momentum, potentially driving prices towards the $1900 level. This round figure holds substantial psychological importance and would attract significant attention from market participants. Additionally, the presence of the 200-Dayin close proximity provides an additional layer of support, considering the recent bullishness in the market.
Gold, lacking the ability to offer dividends or yield, faces a disadvantage in a rising rate environment., a characteristic that can be attributed to most markets. This volatility should not be considered unique to gold alone but must be acknowledged, as the precious metals market can be tumultuous and risky for traders who find themselves on the wrong side of the trade.
If you are actively trading this market, close attention must be paid to the bond market, as its fluctuations often impact the metals market.Gold markets experienced a slight pullback during Tuesday's trading session, approaching the $1950 level. The market's direction will largely depend on key levels such as theA break below the $1950 level could lead to further downward movement, while a break above the 50-Day EMA would signal a bullish trend.
Traders must also keep a watchful eye on the bond market, as it plays a significant role in shaping the precious metals market. The volatility inherent in the gold market necessitates cautious trading and a thorough understanding of market dynamics.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Gold Technical Analysis: Gold\u2019s Trend is Still BearishBy the end of last week\u0027s trading, the XAU/USD gold price retreated from its session high at around $1957 an ounce, to trade at around $1937
Les mer »
Human smugglers busted as illegal immigrants attempt to board private plane in TexasThe illegal migrants, two men and two women, were spotted walking onto the tarmac at Gulf Aviation in Harlingen with luggage in hand Thursday, the US Border Patrol said — a scene that’s…
Les mer »
Padres claim former Yankee, Met Gary Sanchez off waivers in attempt to bolster catcher productionPadres catchers rank last in MLB in average, on-base percentage and slugging percentage; Sanchez ranks 25th in OPS among catchers since start of 2020
Les mer »
Chicago police: 2 charged in carjacking attempt near Ford City Mall where victim shot suspectTwo people have been charged after an attempted carjacking near Ford City Mall in which the victim shot and wounded one of the suspects, Chicago police said.
Les mer »
Winklevoss Twins Attempt Pivot After Gemini Loses Money and EmployeesREAD: The Winklevoss twins seem as optimistic as ever. But Gemini's pivot abroad is arguably the clearest sign yet of a company trying to stay relevant. Get The Big Take here ⬇
Les mer »
Wilmer man arrested after alleged kidnapping attemptThe Mobile County Sheriff’s Office arrested Wilmer man in connection with the alleged attempted kidnapping of a child.
Les mer »