Today’s gold price (Feb. 12) is still moving in the direction of an upward recovery. With important support such as the shrinking of the dollar value. Even though many US economic data That came out stronger than expected, along with signals from officials of the Federal Reserve (Fed) indicating the tendency of the Fed to hold interest rates at a high level, but with the overall direction of the slowdown in inflation in the United States. Still, the situation suggests that the Fed can reduce Strictness in implementing monetary policy within this year. As a result, the dollar value and US bond yields are estimated to have a net downward trend. Therefore, when the dollar value rises to a high level, Therefore, it was sold to make a profit. However, the dollar still has support to maintain its movement level as well. After investors lost confidence on the trend that the Fed will speed up and cut interest rates sharply Therefore, gold prices cannot recover much. Moreover, investors tend to delay trading. While waiting for the release of the Consumer Price Index (CPI) data for January of the United States tomorrow night (13 Feb.) at 8:30 p.m. Because of this, both the dollar value and the gold price may still only limited movement
Advice
• Consider selling if the price cannot stand above the resistance area of 2,036-2,041 dollars per ounce.
• Gradually buy back to make a profit. When the price dropped without breaking the support zone of 2,014-2,008 dollars per ounce.
• Sell position to cut losses. If the price can stand above the resistance level of 2,058 dollars per ounce.
This article was produced by YLG Bullion International.
For more information, contact 02-687-9888 press 1 or website ylgbullion.co.th
2024-02-12 15:29:59
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