kick off with gold Aug 23, 2023
Updated
According to Kitco, the world gold price recorded at 5:00 am today in Vietnam time for spot at 1,898,220 USD/ounce. Converting at the current exchange rate at Vietcombank, world gold is about 54,053 million VND/tael (excluding taxes and fees). Thus, the price of gold bars of SJC is still higher than the international gold price of 12,997 million VND/tael.
Technically, the price of gold is trading below the 50, 100 and 200 day moving averages. Investors often look to technical signals to determine price trends, and a break below these moving averages can be seen as a typical bearish sign.
Despite the gold price struggle, fears of a U.S. recession and soaring bond yields have undermined the appeal of gold-backed exchange-traded funds (ETFs) as a safe haven assets.
Technically, the price of gold is trading below the 50, 100 and 200 day moving averages. Investors often look to technical signals to determine price trends, and a break below these moving averages can be seen as a typical bearish sign.
Despite the gold price struggle, fears of a U.S. recession and soaring bond yields have undermined the appeal of gold-backed exchange-traded funds (ETFs) as a safe haven assets.
Note
GOLD SELL 1910 -1908🕯✅ TP1: 1891
✅ TP2: 1893
️ SL: 1915
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