Gold trading strategy for the first day of the week
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Gold prices lost traction and fell to $1,920 during US trading hours on Friday. The benchmark 10-year US Treasury yield recovered to 4.25% after spending the first half of the day in negative territory, sending XAU/USD lower.
Last week (September 5-8, 2023), the USD price in the international market rose to a nearly six-month high amid concerns about global growth, especially in China, causing investors to pour rush into the US safe-haven currency.
This shows that in the coming week, the Dollar could potentially adjust, causing the gold price to retest 1935. In the worst case for gold plus good news for the Dollar, the possibility of gold falling to the price of 1905 is perfect. can happen during the trading session of September 12 and 13
Last week (September 5-8, 2023), the USD price in the international market rose to a nearly six-month high amid concerns about global growth, especially in China, causing investors to pour rush into the US safe-haven currency.
This shows that in the coming week, the Dollar could potentially adjust, causing the gold price to retest 1935. In the worst case for gold plus good news for the Dollar, the possibility of gold falling to the price of 1905 is perfect. can happen during the trading session of September 12 and 13
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Gold had a slight increase from 1919 to 1923 after the opening of the trading session.Ghi chú
Are you ready for the golden SELL signal? entry 1924-1926. take loss 1930. take profit 1920,1925Ghi chú
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active plan sell 1926Ghi chú
Gold has fluctuated quite strongly today. Gold has approached the 1930 price range and is likely to find its way to the 1935 price range, a strong resistance zone. Gold's falling streak is still continuing.Ghi chú
This is the strategy for this week. Please follow us to update the best trading signals for yourselfGhi chú
Gold prices were mildly mixed on Tuesday as the dollar halted recent declines ahead of key US inflation data later this week, while copper prices held on to recent gains on hopes of the worst over for the Chinese economy.Ghi chú
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