How to trade after gold has risen sharply? This level may become a strong resistance according to FXStreet senior analyst's technical analysis of gold prices.
In early European trading on Tuesday, spot gold maintained its intraday rebound, with the current gold price near $2620 per ounce. FXStreet senior analyst Dhwani Mehta pointed out that during the gold recovery process, the gold price may encounter sellers at the resistance level of $2655 per ounce.
Is gold still worth buying? The opinions of three Wall Street investment banks are divided.
Goldman Sachs, JPMorgan, and UBS Group have divergent views on the outlook for gold, but they all point out a key supportive factor.
Gold price broke through the technical level and is trending upwards! Well-known institutions: Gold prices may have more than $30 room to rise.
On Tuesday in the Asian market afternoon, spot gold maintained an intraday rebound trend, with the price currently near $2624 per ounce, rising nearly $13 during the day. According to Economies.com, the gold price has broken above the key trendlines level, with the outlook turning bullish, targeting the first goal at $2655.00 per ounce.
Gold has suddenly surged! The gold price has increased by nearly 14 dollars within the day, according to FXStreet senior analyst's analysis of the technical outlook for gold prices.
During Tuesday's Asian market session, spot gold suddenly surged sharply, with the gold price just breaking through 2,625 dollars per ounce, a rise of nearly 14 dollars during the day. FXStreet senior analyst Pablo Piovano pointed out that the resurgence of geopolitical factors, especially those arising from the Russia-Ukraine war, is the main driving force behind this latest round of gold price increase.
Trump's return may bring inflation, and the csi commodity equity index is the best hedge.
The csi commodity equity index market has already digested a lot of bad news. In the next few years, compared to a 60/40 stock/bond portfolio, a 60/35/5 stock/bond csi commodity equity index portfolio can provide more protection for investors.
Biden's major decision triggers the market! Big news from Russia and Ukraine stimulates safe-haven demand, with the gold price surging nearly $49. How to trade gold next?
On Monday, due to the halt in the rising momentum of the usa dollar and the renewed uncertainty from the escalation of the Russia-Ukraine conflict, gold prices surged, after having fallen for six consecutive trading days. Daniel Pavilonis, a senior market strategist at RJO Futures, stated: "Part of the reason is that usa President Biden announced the provision of long-range missiles to Ukraine, enabling it to conduct deeper strikes into Russian territory. I believe this has triggered some safe-haven demand for gold."