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After bottoming out after falling to $2,150 yesterday, the price of gold was affected by the release of the monthly short-term energy outlook report by the U.S. EIA. The price of gold hit a maximum of $2,180 today, encountering resistance from above.
At this time, the 10-year Treasury bond bidding multiples and bidding interest rate data published in the United States on March 12 were very negative for gold. At this time, the price of gold encountered huge resistance from above around $2,180, and it was difficult to break through.
So I think gold prices will fall back when they reach the resistance level of $2,180 above.
Therefore, I recommend going short at $2177-2179.
I will share trading strategies and trading ideas every day. Follow me in the channel at the bottom of the article to get detailed trading signals. I hope that with my help, everyone can make huge profits!
After bottoming out after falling to $2,150 yesterday, the price of gold was affected by the release of the monthly short-term energy outlook report by the U.S. EIA. The price of gold hit a maximum of $2,180 today, encountering resistance from above.
At this time, the 10-year Treasury bond bidding multiples and bidding interest rate data published in the United States on March 12 were very negative for gold. At this time, the price of gold encountered huge resistance from above around $2,180, and it was difficult to break through.
So I think gold prices will fall back when they reach the resistance level of $2,180 above.
Therefore, I recommend going short at $2177-2179.
I will share trading strategies and trading ideas every day. Follow me in the channel at the bottom of the article to get detailed trading signals. I hope that with my help, everyone can make huge profits!
Trade active
Gold prices are now showing signs of falling slightlyTrade active
Now the price of gold is clearly pointing to a downward trend, let us wait patiently.Trade active
Now that gold prices continue to fall, let us wait patientlyTrade active
Now the price of gold is falling, which is consistent with what I said before about the price of gold falling after rising high. Those who followed my trading signals have already made profits.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.