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Gold: Buying Remains the Best Strategy
We have often emphasized that buying gold at every dip is the best trading strategy for gold. After recent profit-taking selling pushed gold to the $2472 per ounce support level, the gold price has rebounded again above the psychological resistance of $2500 per ounce, stabilizing around $2508 per ounce at the time of writing. The gold price may remain high until the financial markets and the US dollar react to the announcement of US jobs figures, which will have a strong and direct impact on the future of US interest rate decisions this month. According to the platforms of gold trading companies, the price of gold ... (full story)
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- Posted: Sep 5, 2024 7:27am
- Submitted by:Category: Technical AnalysisComments: 0 / Views: 220
