Gold Market Update for February 08th

Regal Wallet Banner .

Here is today’s chart on gold for Feb 07. Our target at 1310.00 was hit from the trade signal on February 06th Am watching for support at 1310.00 then 1300.00. Resistance at 1330.00

“LONDON: Gold slipped on Wednesday as the dollar strengthened and global shares clawed their way off two-month lows, though the precious metal was underpinned by the view that the dollar’s bear run remains in place despite rate hike expectations. A stronger dollar makes dollar-priced gold costlier for non-US investors…”  https://www.dawn.com

This commentary and chart is provided for informational and educational purposes only and is not a recommendation to buy or sell any gold contract. Here’s the chart which is provided by Barchart.com

Follow Gold Trading Advisory

Get the latest posts delivered to your mailbox: