Since last week, gold prices have been moving up and down even though they are mostly in the negative zone. Gold usually weakens in the Tokyo session before strengthening in the London session. The volatility of gold prices is influenced by a number of factors, such as the tug of war between the effects of inflation, the United States Dollar, yields on US government bonds, and the situation of the Russia-Ukraine war.
In a week, gold prices still weakened 0.31% point to point. In a month, gold prices also weakened 6.86% while in a year it fell 2.87%. I haven't taken this trade yet, I think the uncertainty in gold is a bit risky. But if the price break out, I will buy with target up to the next resistance.
XAUUSD D1 - 10th MAY 2022
XAUUSD D1 - 25th APRIL 2022
In a week, gold prices still weakened 0.31% point to point. In a month, gold prices also weakened 6.86% while in a year it fell 2.87%. I haven't taken this trade yet, I think the uncertainty in gold is a bit risky. But if the price break out, I will buy with target up to the next resistance.
XAUUSD D1 - 10th MAY 2022
XAUUSD D1 - 25th APRIL 2022
Trade closed: target reached:
CHANNEL RESISTANCE REACHED. BREAK OUT/REBOUND MONITORING.
