Gold Comment (XAUUSD) February 27, 2023 - March 3, 2023
In the international market, the gold price today closed the trading week at $1,811 per ounce, down another $44 per ounce from the end of last week, marking the fifth consecutive week of declines for the precious metal.
Although falling from the area of $ 1,900 / ounce and not stopping the decline, analysts and investors are less optimistic about the recovery of precious metals.
The Dollar Index, which measures the strength of the dollar, increased by 0.6% on Friday, closing the week at nearly 105.3 points, the highest in nearly 2 months. Within a month, the index rose 3.3%. Along with that, the 10-year US Treasury bond yields are on track to complete the fifth consecutive week of gains.
Trading recommendation:
Support level: 1,800.30 1,797.45 1,782.90
Resistance levels: 1,834.00 1,845.99 1,860.00
Trading recommendation:
Buy 1809 - 1808
Stop Loss: 1803
Take profit 1: 1823
Take profit 2:1830
Take profit 3: 1835
Sell 1827 - 1831
Stop loss: 1833
Take profit 1: 1823
Take profit 2:1820
Take profit 3: 1810
Note: Always set TP and SL in all trading cases
Although falling from the area of $ 1,900 / ounce and not stopping the decline, analysts and investors are less optimistic about the recovery of precious metals.
The Dollar Index, which measures the strength of the dollar, increased by 0.6% on Friday, closing the week at nearly 105.3 points, the highest in nearly 2 months. Within a month, the index rose 3.3%. Along with that, the 10-year US Treasury bond yields are on track to complete the fifth consecutive week of gains.
Trading recommendation:
Support level: 1,800.30 1,797.45 1,782.90
Resistance levels: 1,834.00 1,845.99 1,860.00
Trading recommendation:
Buy 1809 - 1808
Stop Loss: 1803
Take profit 1: 1823
Take profit 2:1830
Take profit 3: 1835
Sell 1827 - 1831
Stop loss: 1833
Take profit 1: 1823
Take profit 2:1820
Take profit 3: 1810
Note: Always set TP and SL in all trading cases
