Gold Down as Investors Turn to Dollar
Gold was down on Thursday morning in Asia, with investors turning to the dollar after the U.S. Federal Reserve expressed concerns about the pace of the U.S. economic recovery from the impact of COVID-19.
On the technical front, GOLD RSI stood at 43.889 the current price is trading Below All the Moving Averages. So, a Sell trade can be executed with the following target and stop-loss:
TRADE SIGNAL- GOLD – Sell: 1840.70, TARGET:1805.70 , STOP LOSS:1860.10.
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#Commodity #CommodityAnalysis #GoldAnalysis #TradeAnalysis #FundamentalAnalysis #TechnicalAnalysis #StockAnalysis #DailyMarketReport #Usd #DollarAnalysis #Forex
Gold was down on Thursday morning in Asia, with investors turning to the dollar after the U.S. Federal Reserve expressed concerns about the pace of the U.S. economic recovery from the impact of COVID-19.
On the technical front, GOLD RSI stood at 43.889 the current price is trading Below All the Moving Averages. So, a Sell trade can be executed with the following target and stop-loss:
TRADE SIGNAL- GOLD – Sell: 1840.70, TARGET:1805.70 , STOP LOSS:1860.10.
CHeckout the link to read full article
#Commodity #CommodityAnalysis #GoldAnalysis #TradeAnalysis #FundamentalAnalysis #TechnicalAnalysis #StockAnalysis #DailyMarketReport #Usd #DollarAnalysis #Forex