Gold price updated trade levels - Weekly Technical Chart. XAU/USD plunges through key support pivot; risk is lower sub-1708.
The gold breakdown threatens significant losses heading into the fourth-quarter. From at trading standpoint, the outlook remains weighted to the downside while within the yearly channel- rallies should be limited to 1708 IF price is heading lower on this stretch with a break threatening another accelerated drop towards 1560 and beyond. Stay nimble heading into the close of the week with US Core PCE on Friday likely to fuel some volatility here.
We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests Gold prices may continue to fall. Traders are less net-long than yesterday but more net-long from last week. The combination of current positioning and recent changes gives us a further mixed Gold trading bias from a
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Gold Forecast: Gold Continues to Fall OverGold markets have fallen again during the trading session on Monday, as the US dollar continues to strengthen against everything.
Leer más »
Traffic is coming back to downtowns across AmericaDowntown traffic levels have nearly reached pre-pandemic levels.
Leer más »
Higher Levels Of This Underrated Fat Boosts Brain Health, Study SaysA new study has revealed that people with higher levels of DHA (an omega-3) cognitively benefit more from B vitamin supplementation. This is important since B vitamins help to support cognitive function and sharpen your brain, even as you age.* 🧠
Leer más »
Rhine water depth up from crisis levels, could normalise this weekWater depths on the Rhine in Germany could rise to normal levels this week, with forecasts of heavy rain in river catchment areas, vessel brokers and commodity traders said on Monday.
Leer más »