Gold prices were flat on Wednesday and were on the cusp of falling below key levels, while copper prices hit a two-month low as fears of a Chinese economic slowdown and rising interest rates boosted the dollar.
U.S. retail sales data released on Tuesday showed that consumer spending remained robust in the country, potentially indicating more inflationary pressures in the coming months.
The H4 chart shows that the strength of the bear herd is very large,can break the 1900 resistance area to resume the downtrend.The price line is recovering to the nearest support zone and will touch the 34 EMA.
we can place a sell order at 1915 - 1917 and target is the resistance zone of 1900
What is your opinion? can let me know in the comment section, thanks.
* Let's win the market together*
U.S. retail sales data released on Tuesday showed that consumer spending remained robust in the country, potentially indicating more inflationary pressures in the coming months.
The H4 chart shows that the strength of the bear herd is very large,can break the 1900 resistance area to resume the downtrend.The price line is recovering to the nearest support zone and will touch the 34 EMA.
we can place a sell order at 1915 - 1917 and target is the resistance zone of 1900
What is your opinion? can let me know in the comment section, thanks.
* Let's win the market together*
הערה:
📣 The Fed will release the minutes of the official meeting, providing markets with details on where that will take place later this evening.
הערה:
gold is going according to my plan
עסקה סגורה: היעד הושג:
This plan has been achieved, stay tuned for Krado's next plans!
The world gold price continued to fall, close to the important threshold of 1,900 USD/oz due to better-than-expected US economic data, reinforcing the ability of the US Federal Reserve (Fed) to keep interest rates at high levels. for a longer period of time.