YLG Bullion International Company Limited reports gold prices for May 9, 2024.
advice
After the price drops Start to see some price recovery. But if the price rises close to the upper frame, it cannot be passed. Recommend taking the risk of opening a sales position to make a short term profit. If the price cannot stand above the resistance level of 2,321-2,327 dollars per ounce. Focus on profiting from variations. A sell position to cut losses if the price goes past $2,346 per ounce. By closing the selling position to make a profit If the price does not fall below the support level of dollars 2,291-2,287 per ounce.
Essentials
Yesterday, the price of gold closed slightly negative at $5.40 per ounce. The price of gold varies within the range. There was buying pressure at the psychological support zone at $2,300 to support the price However, the price peaked at $2,321 twice and was still unable to pass. Receive pressure from the improved US Dollar-Bony Yield Index. After the president of the Minneapolis Fed It is expected that the Fed could hold interest rates for a long time until there is confidence in inflation.
Factors to follow
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