Gold prices decline with dollar pressure and growing geopolitical tensions
I witnessed declining during Friday’s trading, as at the level of $ 3,355 an ounce, influenced by profit reaps after reaching its weekly peak near 3,452 dollars on Monday. Safe." European Central , England Bank, cautious data on its cash orientations, which increased the chances of high interest rates for a longer period. In light of the continued inflation and geopolitical ambiguity." The interest at 4.25%, while three members supported a 25 -point reduction. A high -level meeting in the operating room for the second time in a week, giving officials two weeks to provide military and diplomatic options on the Iranian file." Nuclear . The region. Technical, the performance of gold against the dollar (Xau/USD) reflects a deeper decline in April altitudes, as the price failed to penetrate the $ 3,400 barrier, and the momentum indicators decreased by "fxstreeet". The mobile for 50 days near 3,318 dollars, then at the level of 3,292 dollars, which represents 38.2% of the technical correction. Today on the upscale side, the level of 3,371 dollars is the first resistance, followed by the psychological barrier 3,400 dollars, then the highest registered summit recently at 3,452 dollars. /> On the other hand, the RSI index shows a decline to the level of 54 on the daily chart, indicating a lukewarm in the momentum, without reaching the sailing area.
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