XAUUSD H1 Analysis
Gold poised for second consecutive weekly decline
Yuan touches two-week high vs. dollar
Platinum, and palladium set for weekly gains
Spot gold
GOLD
was up 0.3% at $1,915.09 per ounce by 0320 GMT. Bullion was still on track for a small weekly decline after dropping to near $1,900 level, its lowest since Aug. 23, on Thursday. U.S. gold futures
GOLD
were up 0.2% to $1,936.70.
At this moment it is better not to take any decision brother or sell because the market is at the point of breakout point and point position here any kind of trade is risky if my marked level is broken up or down then a new decision has to be made.
Yuan touches two-week high vs. dollar
Platinum, and palladium set for weekly gains
Spot gold
GOLD
was up 0.3% at $1,915.09 per ounce by 0320 GMT. Bullion was still on track for a small weekly decline after dropping to near $1,900 level, its lowest since Aug. 23, on Thursday. U.S. gold futures
GOLD
were up 0.2% to $1,936.70.
At this moment it is better not to take any decision brother or sell because the market is at the point of breakout point and point position here any kind of trade is risky if my marked level is broken up or down then a new decision has to be made.
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