Gold will have a recovery rhythm after a sudden increase
Yesterday gold had a bullish cycle from 1965->1991
The main reason is because the world gold fund bought an amount of approximately 13 tons, causing gold to increase rapidly on a day without news, bringing the gold price back to the 1992 resistance zone.
A rise in US Treasury yields put some pressure on the yellow metal in the first trade of the week. Meanwhile, advisers are still waiting for the minutes of the Federal Reserve's latest meeting to raise further concerns about central bank interest rates. Minutes will be published on Tuesday (US time).
TD Securities' trading strategy is premised on adhering to the Fed's view that future interest rate decisions depend on the ability to identify and sustain high interest rates for as long as necessary. .
The main reason is because the world gold fund bought an amount of approximately 13 tons, causing gold to increase rapidly on a day without news, bringing the gold price back to the 1992 resistance zone.
A rise in US Treasury yields put some pressure on the yellow metal in the first trade of the week. Meanwhile, advisers are still waiting for the minutes of the Federal Reserve's latest meeting to raise further concerns about central bank interest rates. Minutes will be published on Tuesday (US time).
TD Securities' trading strategy is premised on adhering to the Fed's view that future interest rate decisions depend on the ability to identify and sustain high interest rates for as long as necessary. .
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We will continue the price fluctuations today
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HIT TP1
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HIT TP 2
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main prediction today
Congratulations because we have good profits
Congratulations because we have good profits
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Close all orders and sell in 1995 - 1997
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TP 1990
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SL 2010
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Gold moves as expected
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We have news tonight
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Unemployment Claims news tonight
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The market doesn't seem to fluctuate much
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Follow gold's next steps
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We will buy in 1990
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We have PMI news tonight
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TP1: 1996
TP2: 2000
SL:1986