Gold continues to be under downward pressure
Gold price traded at
1
,983 per ounce. US economic data released last week had better-than-expected results, plus the threat of inflation continued to increase, causing gold prices to fall to a 2-week low. According to many Wall Street analysts, gold will continue to fall deeper in the near future. Worryingly, the gold price is unlikely to recover in a short time.
In the near future, the gold price may be under selling pressure. Investors think that the price of gold is likely to drop even lower.
Many experts believe that the gold price may drop to the lowest level of 1,930 USD/ounce.
Trading plan:
SELL GOLD : 1981 - 1983
Stoploss : 1986
Take Profit 1 : 1970
Take Profit 2 : 1960
Take Profit 3 : 1950
Note : TP, SL full to be safe and win the market !
1
,983 per ounce. US economic data released last week had better-than-expected results, plus the threat of inflation continued to increase, causing gold prices to fall to a 2-week low. According to many Wall Street analysts, gold will continue to fall deeper in the near future. Worryingly, the gold price is unlikely to recover in a short time. In the near future, the gold price may be under selling pressure. Investors think that the price of gold is likely to drop even lower.
Many experts believe that the gold price may drop to the lowest level of 1,930 USD/ounce.
Trading plan:
SELL GOLD : 1981 - 1983
Stoploss : 1986
Take Profit 1 : 1970
Take Profit 2 : 1960
Take Profit 3 : 1950
Note : TP, SL full to be safe and win the market !
