Overnight Market Review On Tuesday (January 10) in Asia, spot gold fluctuated at a high level and is currently trading around US$1,874 per ounce. Although the US dollar continued its decline on Monday and hit a near seven-month low of around 102.94, the price of gold was affected by 1880. Resistance near the pass, Fed officials reiterated their aggressive stance against inflation, making gold bulls scruples.
The data said: “Interest rates look like they will continue to climb. But there is a limit to what they can do and the market is pricing in that. We have also seen some buying of safe-haven assets. Technically, gold looks to have further There’s room to the upside because we continue to see gold move strongly through all of these resistance levels.”
Trading strategy suggestion: high short
All transactions involve risks, and the above analysis is for reference only. Be sure to set the number of hands and remember to set a stop loss when placing an order.