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gold market trend in the near future

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FX:XAUUSD   Ouro/Dólar Americano
At 9 am today (August 15, Vietnam time), the world spot gold price stood around the threshold of 1,906 USD/ounce, up 3.1 USD/ounce compared to last night. Gold futures for December delivery on Comex New York were at $1,938.1 per ounce.

On the morning of August 15, world gold converted to bank dollars was worth more than 55.12 million dong/tael (excluding taxes and fees), about 12.4 million dong/tael lower than the domestic gold price. .

Experts recommend that investors should be cautious and wait for more certain economic information to decide to invest or divest from gold.

According to analysts, the key support price in the December gold futures contract lies between $1,940 and $1,950 an ounce.

Michael Moore, founder of the analytics company Moore Analytics, said that gold prices will turn up again unless there is a breakthrough to $ 1,955.3 an ounce.

XAUUSD BUY 1903-1905💯

✅ TP1: 1918
✅ TP2: 1920

SL: 1899
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