TVC:GOLD price declined due to pressure from the rise of USD. This morning, the US Dollar Index, which measures the volatility of the greenback, exceeded 103 points, taking away TVC:GOLD the attractiveness of TVC:GOLD .
Interest rates did not decrease, causing investors to continue withdrawing capital from TVC:GOLD to shift to other fields such as bonds and securities. Therefore, it is likely that prices will continue to decline in the short term.
According to the technical analysis chart, TVC:GOLD is still in the Corrective Downtrend and follows its parallel downtrend. So we will wait for Buy at the confluence of Trend + Keylevel at the end of H4
Trade active
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BUY GOLD zone : 1902 - 1990
Stoploss : 1892
Take Profit : 1906 Take Profit : 1912 Take Profit : 1918