Gold on Downward Trajectory
Good day,
The Euro remains below the level of 1.2000, preparing to drop. Breaking the downtrend, the Euro might get support and jump.
The price of the USD/RUB pair has pulled from the support, targeting the level of 76.00. The asset might potentially pull and drop away from this level.
The price of gold has pulled from the downtrend, forming a bearish engulfing. In principle, gold might quickly approach the level of 1680.00 and get the required support.
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Disclaimer: The material provided is for information purposes only and should not be considered as investment advice. The views, information, or opinions expressed in the text belong solely to the author, and not to the author’s employer, organization, committee or other group or individual or company.
Past performance is not indicative of future results.
High Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% and 75% of retail investor accounts lose money when trading CFDs with Tickmill UK Ltd and Tickmill Europe Ltd respectively. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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