As per my analysis, gold is consolidating for days.
Even though currency move higher but gold didn't.
Trump tarriffs are cooling down , so gold will fall nearly -8% which is 3050 area.
Maybe it can fall below 3000 dollars per ounce.
Maybe next month dollar index may retrace a bit from the current fall.
So from all this information, I conclude GOLD may fall for couple of weeks.
This is for education purpose only.
Do your own research. Thanks for reading, leave your comment.
Even though currency move higher but gold didn't.
Trump tarriffs are cooling down , so gold will fall nearly -8% which is 3050 area.
Maybe it can fall below 3000 dollars per ounce.
Maybe next month dollar index may retrace a bit from the current fall.
So from all this information, I conclude GOLD may fall for couple of weeks.
This is for education purpose only.
Do your own research. Thanks for reading, leave your comment.
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.
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.