Gold continues to wait, BUY GOLD?
Gold continues to trade around the price range of 1927-1928 USD/ounce according to gold measurement with no significant fluctuations compared to yesterday's trading session. Together with the FED, it continues to maintain monetary interest rates at 5.25-5.5%, the highest level in 22 years. That is the impetus for the US dollar to reverse its trend and start to increase in price.
As a result, the US stock market turned red. Many investors have transferred capital to USD, causing this currency to increase in price even more and causing gold to have a quiet trading session.
As a result, the US stock market turned red. Many investors have transferred capital to USD, causing this currency to increase in price even more and causing gold to have a quiet trading session.
Note
good luck tradersNote
Gold decreased according to technical indicatorsNote
The DXY index (which measures the greenback's fluctuations against 6 major world currencies) traded at 105.5 points.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.