19.02 - which direction is gold going in?
- by Anna K.
Trade deal between China and the United States is anticipated around the world. And in this wait we see that traders prefer to sell off their dollars instead of waiting for change. This makes the greenback weaker than usual. And the weaker dollar is, the stronger gold is. And right now this precious metal has the possibility to grow. Which is exactly what it does, reaching the highest point in 2 weeks.
This 2-week graph shows that gold is growing, but at the moment losing price. What does that mean?
Do you want to know for sure what direction gold is going to choose today? Use your trading signals to find out!