The gold market is under technical selling pressure
World gold prices this morning increased slightly in the context of the market waiting for further data from the US economy to guide prices. It is expected that the August Consumer Price Index Report will be published on September 13.
The gold market is under technical selling pressure due to a lack of price increase motivation. Recent negative information about China's economic situation has put significant pressure on the gold market due to concerns about falling demand for precious metals in the country of billions of people.
The gold market is under technical selling pressure due to a lack of price increase motivation. Recent negative information about China's economic situation has put significant pressure on the gold market due to concerns about falling demand for precious metals in the country of billions of people.
Comment:
After the European Central Bank's Monetary Policy Committee meeting on Thursday, most members of the committee, led by Governor Christine Lagarde, agreed to raise the key interest rate by 25 basis points to 4.50%.
🔴 SL: 1930
🟢 TP1: 1920
🟢 TP2: 1915