Gold Markets Give Up Early Gains to Kick Off Week Forex Gold Trading money Metals
is sitting just above the $1850 level and going sideways. That suggests that the market is currently looking for some type of bottom, and the $1800 level could be a huge area. The $1800 level is not only a large, round, psychologically important number, but it is also an area that has seen action in the past, so I do think that it is crucial. If we were to break down below the $1800 level, it’s likely that we go down to the $1750 level rather quickly.
If we were to break above the $1850 level, it’s likely that we could go to the $1880 level. The $1880 level is an area that has been resistant more than once, so I do think that it is probably going to be crucial if we do break above there and will more likely than not send the market much higher. At that point, the market is likely to see an attempt to get back to the $2000 level, which obviously would attract a lot of attention, which could bring in more money.
The interest rates in the United States will continue to have a major influence on where the gold market will go next. Ultimately, I think the only thing you can count on here is a lot of volatility, and that being said, the market is going to see swings in both directions, so you need to be very cautious with yourthe financial markets are a bit of a mess these days, and gold will reflect that right along with everything else.as well, so pay attention to the US Dollar Index.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Gold Price Forecast: XAU/USD advances to near $1,840 as G7 bans Russian gold importsGold Price Forecast: XAU/USD advances to near $1,840 as G7 bans Russian gold imports By Sagar_Dua24 Gold DollarIndex RussianFederation Inflation EconomicIndicator
Baca lebih lajut »
G7 to announce ban on import of new Russian gold on Tuesday, U.S. official saysThe Group of Seven rich democracies will announce a ban on imports of Russian gold on Tuesday, as part of ongoing efforts to hold Russia accountable for its war in Ukraine and block attempts to evade Western sanctions, a senior U.S. administration official said on Sunday.
Baca lebih lajut »
G7 nations to ban Russian gold imports in response to Ukraine conflict: USThe ban, which aims to 'further isolate Russia from the global economy', was announced by US President Joe Biden as the world's seven richest nation meet for their annual summit in Germany.
Baca lebih lajut »
G-7 to ban Russian gold in response to Ukraine war, Biden saysPresident Joe Biden says the Group of Seven leading economies will ban imports of gold from Russia
Baca lebih lajut »