Daily Market Updates: Gold Breaks Below $4,000 as Global Tightening and Liquidation Risks Converge , Is Today’s Bounce Just Relief?

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Gold Breaks Below $4,000 as Global Tightening and Liquidation Risks Converge , Is Today’s Bounce Just Relief?

Reported · Written up by our desk · Major Pairs

Gold plunged 3.61% on Friday to 3,875.19, its first decisive daily close below $4,000, as Fed-led global tightening and liquidation-style selling converged. Monday's bounce toward 3,907 looks like relief within an established downtrend, with resistance at 4,083.41 and the next downside objective at 3,748.81. The post Gold Breaks Below $4,000 as Global Tightening and Liquidation Risks Converge , Is Today’s Bounce Just Relief? appeared first on ActionForex .

Latest closeGold $3,884.90 ▼3.6%

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Action ForexGold Breaks Below $4,000 as Global Tightening and Liquidation Risks Converge , Is Today’s Bounce Just Relief?

Forex

Gold Breaks Below $4,000 as Global Tightening and Liquidation Risks Converge , Is Today’s Bounce Just Relief?

More like this

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