XAUUSD - Gold price bounced back, sell scalping and bought long
World gold price this morning increased slightly with spot gold up 4.3 USD, up 1,919.8 USD/ounce. December gold futures were last traded at $1,948 per ounce, up $1.20 from light levels.
Gold may receive a modest boost in the evening session of August 28 thanks to the weakening of the USD. This morning, the US Dollar Index, a measure of the volatility of the greenback, fell 104 points, increasing the attractiveness of gold for buyers holding other currencies.
The new report here shows that households are stepping up liquidation of their gold accounts and increasing their short positions as the US Federal Reserve (Fed) is expected to remain hawkish. and increase interest rates at high levels in the near future. future.
The report for the weekend ended August 22 showed that total long positions on the basis of Comex gold futures contracts increased by VND 8,061 to 105,085. Meanwhile, the number of short positions increased by 12,366 dong to 95,976.
Although the initial fundamental gain has dropped to the medium settings, the price is still trying to maintain key support levels. According to some analysts, this resilience shows the strength of gold and is a good sign
Gold may receive a modest boost in the evening session of August 28 thanks to the weakening of the USD. This morning, the US Dollar Index, a measure of the volatility of the greenback, fell 104 points, increasing the attractiveness of gold for buyers holding other currencies.
The new report here shows that households are stepping up liquidation of their gold accounts and increasing their short positions as the US Federal Reserve (Fed) is expected to remain hawkish. and increase interest rates at high levels in the near future. future.
The report for the weekend ended August 22 showed that total long positions on the basis of Comex gold futures contracts increased by VND 8,061 to 105,085. Meanwhile, the number of short positions increased by 12,366 dong to 95,976.
Although the initial fundamental gain has dropped to the medium settings, the price is still trying to maintain key support levels. According to some analysts, this resilience shows the strength of gold and is a good sign
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about XAUUSD
✅ TP1: 1916
✅ TP2: 1910
⚠️ SL: 1930