Overnight market review (April 20): At midday in Asia on Wednesday, gold futures prices fell by more than $15, hitting a new low in more than a week. Meanwhile, the U.S. dollar held at recent highs and U.S. bond yields also dampened demand for gold. Gold briefly hit $2,000 on Monday, as the looming war in eastern Ukraine and inflation concerns drove investors to safe-haven assets. By Tuesday, however, gold fell 1.8% as a stronger dollar and rising U.S. Treasury yields clouded inflows into the gold market.
Today’s trading strategy deployment: it is recommended to go short at high levels.
All transactions involve risks, the above analysis is for reference only. When placing an order, be sure to set the lot size and remember to set the stop loss.312:20 PM