Gold price lacks motivation when approaching $ 2600
Updated
The gold is currently moving at $ 2560 at the beginning of the session on Thursday and has just experienced a sharp decline after it approached the psychological resistance area at $ 2600.
Accordingly, the buyer does not seem to be motivated to break the psychological level of $ 2600 when the seller has pushed the price to such a low level! This manifests itself with long beard bars and candles folded in a row.
If this price adjustment continues, we will see gold at $ 2525 again when it needs to find new strength.
On the other hand today we also receive some important news including fomc. So please need kidney when trading offline.
Wish you happy transactions.
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