YLG Bullion International Company Limited reports gold prices for May 8, 2024.
advice
Today there is increasing sales pressure. Push the price down to a new low from the previous day. Recommend opening a sales site to make a short term profit. If the price cannot stand above the resistance level of 2,321-2,327 dollars per ounce. waiting to gradually close the selling position to make a profit If the price does not fall below the support level of 2,293-2,287 dollars per ounce. Sell status to cut losses If the price passes the resistance level of 2,346 dollars per ounce.
Essentials
Yesterday, the price of gold fell to $8.80 per ounce. Response to pressure from the dollar index which has improved technically. In addition, gold showed signs of a hidden bearish divergence, pushing prices down, while the yield on 10-year US government bonds fell in opposition to the dollar index. which fell below the 4.50% level until it became a supporting factor Help support gold so that there is no new low.
Factors to follow
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