View full page at metalsmine.com

 

Gold Technical Analysis: Best Buying Levels

From dailyforex.com

Throughout last week's trading, gold was subjected to selloffs due to risk appetite and the recovery of the US dollar. The selloff pushed gold to the $1783 support level. By the end of the week's trading, gold tried to recover above the psychological resistance of $1800, but the pressures brought it back to close around $1788. Gold halted its losses as investors and markets looked forward to news that the United States will pressure China over support, which dampened risk sentiment. Accordingly, global stock markets gave up their gains as investors reduced their exposure following news that the Biden administration ... (full story)

Story Stats

  • Posted:
  • Category: Technical Analysis