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Gold: A Break Below $2,490 Could Catalyze Selling Spree – TDS
Gold Trades Around $2,500 as 50 Bps Rate Cut Bets Dwindle
Be cautious of gold suddenly falling sharply! The bulls are holding on to this key support level. Important technical analysis of the gold price by FXStreet senior analyst.
#Gold Technical Analysis# 24K99 News On Tuesday (September 10), in the early European session, spot gold maintained a intraday decline, with the current price around $2501 per ounce.
Gold price breaks through small resistance! Well-known institutions trade analysis: Gold price may have nearly $35 rally space.
#Gold Technical Analysis# 24K99 News: In the late Asian session on Tuesday (September 10th), spot gold remained basically stable, with the current price near $2506 per ounce.
The gold market has received a 'bullish' piece of news from Western funds!
Market analyst Mike Maharrey stated that gold etf has increased its net gold holdings for the fourth consecutive month, with net gold inflows in various regions and Western funds leading the way.
Israel's airstrikes result in at least 14 deaths and 43 injuries! The gold price surged to over $2506. How to trade gold?
On Monday (September 9), spot gold plummeted to $2485 per ounce before rebounding significantly, ultimately closing above $2506 per ounce. FXStreet analyst Christian Borjon Valencia wrote an article analyzing the technical trends of gold prices.