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Gold shows signs of recovery
Dear trader! Gold fell as expected last week, as it failed to break through the resistance level of $2,300. From a personal perspective, Ryder remains optimistic about the support level of $2,277 (which coincides with the time of TradingView's technical test of BB support level). If this level is broken, the precious metal price may be pushed down to $2,220, and holding may lead to a rebound in price, targeting the resistance level of BB band at $2,335.
The market is interested in some important information this week, such as the consumer price index (CPI) in May, the announcement of the monetary policy of the Federal Reserve (Fed), and unemployment benefits data. Monetary policy of the US industry and the Bank of Japan.
21 hours ago
Comment:
2305
(Source: TV-IAm_Ryder)