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gold short
The point at which the price touches the resistance levels (a & b), the volume tends to be high with a candle body indicating selling pressure. This is accompanied by a decrease in volume when the price moves upwards (from c to b, and from d to e).
With the decreasing impact of COVID-19 on the economy, the need for gold as an asset value protection is gradually decreasing. Investors are starting to exit the gold market and switch to more attractive deposit products since the Federal Reserve has raised their interest rates.
Based on the above market analysis, the transaction with the smallest risk would be selling.
With the decreasing impact of COVID-19 on the economy, the need for gold as an asset value protection is gradually decreasing. Investors are starting to exit the gold market and switch to more attractive deposit products since the Federal Reserve has raised their interest rates.
Based on the above market analysis, the transaction with the smallest risk would be selling.
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