Gold prices rose early in US transactions on Tuesday with corrective leaps after the losses announced on Monday. Today, a recovery in the crude oil market and a weaker US Dollar Index became friendly foreign market forces that supported metals. February gold was traded at $ 1.798.00 with the last increase of $ 3.30. Details Kriptokoin.com‘in.
Expectations for Gold Prices
Global stock indices show corrective leaps after strong losses on Monday, caused by concerns about the start of the pandema again. Looking at daily rod graphics for NASDAQ and S&P futures, higher price volatility is seen at higher price levels. Today, the key “foreign markets” sees that Nymex crude oil prices rise from sharp losses on Monday and traded around $ 69.50 per barrel. The US dollar index is slightly lower in the early hours today. In the meantime, the US Treasury’s 10 -year bond is currently bringing 1,429. The premium of the US dollar to most of the leading counterparts of the US 10 -year bond return is the main reason why the US dollar has gained value in recent months. The US economic data to be released on Tuesday includes light and weekly Johnson Redbook and chain store retail reports.
Technically, February futures gold bulls generally have a short -term technical advantage. The next upward price target of the bulls is to produce a closing above solid resistance from $ 1,825,00. The next short -term downward price target of the bears is to push the term transaction prices below $ 1,775,00. The first resistance is seen at $ 1,804.60 and then the rise of last week at $ 1.815.70. The first support is seen at $ 1,789.00, the lowest level of this week, and then at $ 1,775.00.
