Some proof that could rise up the price of gold.(XAUUSD)
The following are some proof that could rise up the price of gold.(XAUUSD)
Therefore, you should make a buy order at the lower prices;
• US GDP released last month is worse than expected.
• Unemployment benefits are worse than expected;
• The central bank only considered lowering QE rather than raising interest rates.
when it comes to technical points;
The price around $ 1795.00 could be either a support trend line or a double bottom and yes, it's also Fibonacci golden ratio. It can also be considered a good buy for this week. But stop loss and take profit must always be maintained.
The first target can reach around $ 1828.00 and buy again after watching whether the price will break it or not.
These Prices are base on line chart
Therefore, you should make a buy order at the lower prices;
• US GDP released last month is worse than expected.
• Unemployment benefits are worse than expected;
• The central bank only considered lowering QE rather than raising interest rates.
when it comes to technical points;
The price around $ 1795.00 could be either a support trend line or a double bottom and yes, it's also Fibonacci golden ratio. It can also be considered a good buy for this week. But stop loss and take profit must always be maintained.
The first target can reach around $ 1828.00 and buy again after watching whether the price will break it or not.
These Prices are base on line chart
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