Over the last week, the price of the yellow metal was seen to track an upward rise - approaching $1,900, on the back of USD weakness and sluggish US equities.
Should the stimulus package be approved, it will further add on to the US public debt which is currently climbing at a historic pace– which in turn will be leverage to support the case for gold price rise.
Three factors that might spur gold buyers:
50-day EMA around $1,908, 21-day EMA near $1,912 and a falling trend line from August 2007 at $1,932.50.
For sellers:
The $1,881.77 region can probe sellers as it highlights the 100day EMA level of $1,857.
إخلاء المسؤولية: الآراء الواردة هنا تعبر فقط عن رأي الكاتب، ولا تمثل الموقف الرسمي لـ Followme. لا تتحمل Followme مسؤولية دقة أو اكتمال أو موثوقية المعلومات المُقدمة، ولا تتحمل مسؤولية أي إجراءات تُتخذ بناءً على المحتوى، ما لم يُنص على ذلك صراحةً كتابيًا.
اترك رسالتك الآن