Gold news:
Gold is in a short-term correction after entering the extreme buy zone (RSI) in the previous days. After failing to completely break the ATH 2956 resistance level, the sellers rushed in strongly to dominate the market. As a result, gold fell nearly 1.5% yesterday.
In addition, the DXY index recovered today and the US 10-year bond yield suddenly increased by 0.5% in the Asian session, which is also supporting the short-term strength of the Dollar, causing gold to fall slightly
Personal opinion:
Gold will have another short-term correction to gain momentum for the main uptrend. After all, the trade war and gloomy US economic data are still there. And the war between countries is still complicated, making it difficult for gold to fall sharply
Plan:
Setting price range:
Buy gold 2924 -2927
SL: 2933 | TP: 2918 – 2906 – 2895
FM wishes you a successful trading day