"Hey lovelies, curious if you think gold is going to glam up or dim down today?
Right now, gold is strutting around the 2025 USD mark, caught in a bit of a downtrend on the 1D chart. It seems to be eyeing a rendezvous with the 89 EMA, and let's just say, it's not the most advantageous match-up right now.
This precious metal took quite the dip, with the spotlight on the U.S. Dollar Index reaching new heights and U.S. Treasury yields climbing up the ladder. It's all thanks to the U.S.'s jaw-droppingly strong jobs report last Friday, which is sending positive vibes to the Fed's money moves and keeping gold's rise in check.
I'm setting my sights on gold touching base at 2005 USD for some fresh support, but what about you? Do tell!"
Right now, gold is strutting around the 2025 USD mark, caught in a bit of a downtrend on the 1D chart. It seems to be eyeing a rendezvous with the 89 EMA, and let's just say, it's not the most advantageous match-up right now.
This precious metal took quite the dip, with the spotlight on the U.S. Dollar Index reaching new heights and U.S. Treasury yields climbing up the ladder. It's all thanks to the U.S.'s jaw-droppingly strong jobs report last Friday, which is sending positive vibes to the Fed's money moves and keeping gold's rise in check.
I'm setting my sights on gold touching base at 2005 USD for some fresh support, but what about you? Do tell!"
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