Gold continues to find the bottom at a low level below 1920 USD
Selena greets everyone! It's great to share with you about the market today.
Currently, the gold market is experiencing a continued decline after breaking the upward trendline at $1920 and trading at $1911, a decrease of about $5 compared to this morning's trading.
It can be seen that the recovery of the USD is an important factor impacting this precious metal, causing its price to decline. On the 4-hour chart, gold is still searching for a new low price level. The next significant support level to watch for now is $1904 per ounce.
What are your thoughts on the market today?
Currently, the gold market is experiencing a continued decline after breaking the upward trendline at $1920 and trading at $1911, a decrease of about $5 compared to this morning's trading.
It can be seen that the recovery of the USD is an important factor impacting this precious metal, causing its price to decline. On the 4-hour chart, gold is still searching for a new low price level. The next significant support level to watch for now is $1904 per ounce.
What are your thoughts on the market today?
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good luck everyone
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The aforementioned fundamental backdrop suggests that the path of least resistance for the Gold price remains on the downside
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