The gold market is in uncertainty.
Recently, uncertainty has taken over the market.
There are now more than enough uncertainty factors after the publication of the August employment report in the United States, judging by which, the Federal Reserve System (FRS) will not raise interest rates on September 20, but will not rule out the possibility of one more, and maybe two rate hikes before the end current year.
The market now needs to get out of this same $15 wide range to get a new direction. The bears definitely need to achieve a breakout below the $1,915 support, while the bulls need a clear break above the $1,930 resistance.
Of course, there is no doubt that gold will go up. Necessarily. Only after it goes down.
Kary_K
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