👻Gold yesterday had a significant increase in price, currently trading at 1938 USD, up about 0.08% on the day and up about 24 USD compared to yesterday's trading session.
👻Reasons for increasing gold support:
- One is that after yesterday's retail sales report, investors are worried that the US Federal Reserve (Fed) will further raise interest rates to regulate the USD and keep it at a higher level for longer. This could affect economic growth.
-Secondly, geopolitical tensions in the Middle East continue to increase and become increasingly fierce.
👻Gold continues to trade above the two EMA lines and the EMA 34 signal is reversing, opening up an upward price trend in the near future. The price is approaching the peak of 1950 USD and the next target will be 1970 USD if the market situation continues with this development momentum.
👻The first recovery period was in the 1930-1932 region. The next recovery period is in the 1925-1927 area. You can consider buying around this price range.
👻Reasons for increasing gold support:
- One is that after yesterday's retail sales report, investors are worried that the US Federal Reserve (Fed) will further raise interest rates to regulate the USD and keep it at a higher level for longer. This could affect economic growth.
-Secondly, geopolitical tensions in the Middle East continue to increase and become increasingly fierce.
👻Gold continues to trade above the two EMA lines and the EMA 34 signal is reversing, opening up an upward price trend in the near future. The price is approaching the peak of 1950 USD and the next target will be 1970 USD if the market situation continues with this development momentum.
👻The first recovery period was in the 1930-1932 region. The next recovery period is in the 1925-1927 area. You can consider buying around this price range.
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