Gold increased sharply, booming in the 4h frame
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Dear friends, it appears that the Fed is still committed to its inflation goal. However, increasing political instability could quickly push gold up to $2000 per ounce. Since the conflict in the Middle East began, the demand for safe havens has helped gold rise by nearly $120.
At the time of writing, gold is trading around $1978 - $1980. It is evident that gold is trading at a relatively strong high level. It is expected that the price of gold will continue to rise to $2000 in the near future due to the stability of the trend on the 4-hour timeframe.
At the time of writing, gold is trading around $1978 - $1980. It is evident that gold is trading at a relatively strong high level. It is expected that the price of gold will continue to rise to $2000 in the near future due to the stability of the trend on the 4-hour timeframe.
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The US Department of Labor said that the number of weekly unemployment benefits decreased by 13,000 to 198,000 applications. Data better than expected, economists predict this number is 210,000 applications.交易進行
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It is expected to expand the increase to about 1,998-2,010 USD/ounce, as it broke the resistance threshold of 1,972 USD/ounce.註釋
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The dollar also fell, making gold more affordable to international buyers, with the ICE dollar index down 0.1 point to 106.15.
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