Gold price today: Unexpected drop
Hello everyone !
Gold continues its downward trend today, following the decline since the beginning of the week, with prices currently hovering around $2,908.
The primary reasons for this drop are the rising U.S. Treasury yields and profit-taking by investors. Right now, the market's attention is focused on the upcoming U.S. jobs report and non-farm payroll data, which could provide clues about the Federal Reserve’s (FED) monetary policy stance amid escalating global trade tensions.
"Unless a new catalyst emerges, the current trend could push gold even lower. If the price breaks below $2,900, it may signal further declines toward $2,880, aligning with the lower boundary of the price channel".
Happy trading and best of luck !
Gold continues its downward trend today, following the decline since the beginning of the week, with prices currently hovering around $2,908.
The primary reasons for this drop are the rising U.S. Treasury yields and profit-taking by investors. Right now, the market's attention is focused on the upcoming U.S. jobs report and non-farm payroll data, which could provide clues about the Federal Reserve’s (FED) monetary policy stance amid escalating global trade tensions.
"Unless a new catalyst emerges, the current trend could push gold even lower. If the price breaks below $2,900, it may signal further declines toward $2,880, aligning with the lower boundary of the price channel".
Happy trading and best of luck !
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⭐️I are here to help you make money:
Join the group to receive a free signal:
👉 t.me/+3S-9O67u1fw4MjBl
✅Det your account
✅ Consulting on gold, foreign exchange ...
Join the group to receive a free signal:
👉 t.me/+3S-9O67u1fw4MjBl
✅Det your account
✅ Consulting on gold, foreign exchange ...
פרסומים קשורים
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.