June 16: What is the next trend of gold?
After falling to a three-month low, gold prices bounced off stiff resistance at $1,960, as investors looked for more signs of confirmation of the bullish situation amid the upcoming July interest rate hikes.
Besides, the sell-off of the US dollar has breathed more life into the Gold market. The situation turned in favor of gold as US Unemployment Claims and Retail Sales data contradicted each other and raised concerns about the US economic outlook.
Today I hope gold will return to the price range
XAUUSD
1950-1955
And my goal will be: 1965 - 1977
Besides, the sell-off of the US dollar has breathed more life into the Gold market. The situation turned in favor of gold as US Unemployment Claims and Retail Sales data contradicted each other and raised concerns about the US economic outlook.
Today I hope gold will return to the price range
XAUUSD
1950-1955 And my goal will be: 1965 - 1977
