Trading strategy when gold falls
已更新
The recovery in the US dollar has put pressure on the yellow metal. Accordingly, the US Dollar Index rose about 0.3% to a more than two-week high, making gold more expensive for holders of other currencies.
According to Marex analyst Edward Meir, in addition to the recovery in the greenback, data from China showing that gold consumption in the world's largest gold consumer has decreased also affected the direction of gold.
The latest report shows that gold consumption in China fell 5.6% in the first half of 2024 as demand for gold jewelry fell 26.7% amid high prices. However, demand for gold bars and coins has skyrocketed.
Although gold was pressured by the greenback, experts said the decline of this precious metal was "slowed" by concerns about increased geopolitical tensions in the Middle East after a missile attack in the Golan Heights.
According to Marex analyst Edward Meir, in addition to the recovery in the greenback, data from China showing that gold consumption in the world's largest gold consumer has decreased also affected the direction of gold.
The latest report shows that gold consumption in China fell 5.6% in the first half of 2024 as demand for gold jewelry fell 26.7% amid high prices. However, demand for gold bars and coins has skyrocketed.
Although gold was pressured by the greenback, experts said the decline of this precious metal was "slowed" by concerns about increased geopolitical tensions in the Middle East after a missile attack in the Golan Heights.
註釋
♦️XAUUSD SELL NOW 2392 - 2394🟢TP1: 2375
🟢TP2: 2370
🟢TP3: 2360
🔴SL: 2401
相關出版品
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。