By Orbex
The precious metal broke the support near 1850, falling to a four-month of 1830 before pulling back moderately.
The declines come amid rising optimism of a Coronavirus vaccine. The US dollar rebounded, adding further pressure to the precious metal.
Gold prices have been trading on a softer note in the past few sessions, following the declines from 9th November.
With the 1850 handle breached, the precious metal is likely to extend declines down to the 1800 level next.
Free Reports:
To the upside, any retracement toward the 1850 level could see additional selling opportunities for investors.
By Orbex
By Leonardo Macelloni, University of Mississippi You may be hearing a lot lately about critical…
By JustMarkets The US stock market concluded Monday’s session with gains. By the end of…
By Analytical Department RoboForex EUR/USD is trading around 1.1608 on Tuesday. The US dollar attempted…
By Michael Klein, Tufts University The “fog of war” refers to confusion and uncertainty on…
By JustMarkets The Canadian dollar rose above 1.37 against the US dollar, reaching a one-month…
By InvestMacro Here are the latest charts and statistics for the Commitment of Traders (COT)…
This website uses cookies.