Dear readers, here we are again, stepping into another vibrant discussion with Selena about today's gold price!
Currently, on the gold exchange, the price remains steady at $1930. The market today is quite calm, with the focus seemingly shifting towards the upcoming Fed meeting to determine the next steps for this precious metal.
From a technical standpoint:
On the 4-hour chart, gold has reached a peak at $1935 and is trading above the 34 and 89 EMA lines, indicating that the upward trend is still intact. However, there may be a slight decline in gold towards the support level of $1924-1925 before the possibility of forming a Dow and continuing its upward movement.
Currently, on the gold exchange, the price remains steady at $1930. The market today is quite calm, with the focus seemingly shifting towards the upcoming Fed meeting to determine the next steps for this precious metal.
From a technical standpoint:
On the 4-hour chart, gold has reached a peak at $1935 and is trading above the 34 and 89 EMA lines, indicating that the upward trend is still intact. However, there may be a slight decline in gold towards the support level of $1924-1925 before the possibility of forming a Dow and continuing its upward movement.
Comment:
What do you think about gold prices today?
Comment:
Gold is still maintaining its upward momentum since the last drop to 1900 USD
Comment:
if the Fed fails to convince markets about one more rate hike by year-end, a fresh upswing will be seen toward the September high of $1,953
Comment:
Gold last night had a move like a technical indicator when the price increased to reach the resistance level of 1945 USD
Comment:
A dovish verdict by the BoE could work in favor of the non-interest-bearing Gold price. However, the weekly Jobless Claims and other minority reports from the United States could also impact the US Dollar valuation, in turn, influencing Gold price.
