Note: This section contains information in English only.
Tue, 04 Jun 2019 11:42:32 GMT
Source: Dukascopy Bank SA
On Tuesday, gold traded above 1,325.00. Moreover, the metal's price was expected to continue to surge up to the 1,333.67 level. There the metal would meet with the resistance of the second monthly resistance of the simple monthly pivot points.
The surge of the metal was strengthened by supposed rumors that the Federal Reserve might cut interest rates. However, the sharp surge up had started already before the rumors started circulating in the financial media.
In the meantime, the commodity price is overbought, it could first trade sideways and consolidate the recent gains before resuming its move up.
Používame cookies, aby sme vám poskytli čo najlepší zážitok z prehliadania. Pokračovaním v používaní webovej stránky súhlasíte s používaním cookies. Svoj súhlas môžete kedykoľvek odvolať – ďalšie podrobnosti nájdete v našich Zásadách používania súborov cookie.
Pre viac informácií o Dukascopy Bank CFD / Forex obchodných platformách a ostatných záležitostiach nás prosím kontaktujte alebo požiadajte o hovor od nás.
For further information regarding potential cooperation, please call us or make callback request.
To learn more about Dukascopy Bank Binary Options
/ Forex trading platform, SWFX and other trading related information, please call us or make callback request.
Pre viac informácií o Dukascopy Bank CFD / Forex obchodných platformách a ostatných záležitostiach nás prosím kontaktujte alebo požiadajte o hovor od nás.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information, please call us or make callback request.
To learn more about Business Introducer and other trading related information, please call us or make callback request.
For further information regarding potential cooperation, please call us or make callback request.