Gold Is Slightly Heading Up after Monday Price Collapse
14.08.2020, 04:39

Gold Is Slightly Heading Up after Monday Price Collapse

Gold has been traded long since mid of June until August 7 from $1765.00 per troy ounce to hit a new high of $2073.543 per troy ounce. The yellow safe haven asset has been increasing in value dramatically due to the Covid-19 pandemic. In addition, due to several factors’ gold started to drop and traded short to $1863.173 per troy ounce retesting July 22 level. 

Firstly, gold started to drop because of gold holders represented by banks and institutional traders has decided to sell the yellow metal to cash out and rebalance their portfolios to invest into more risky assets. Secondly, some political decisions from the U.S. represented by the democrats and republican had an influence on gold value after they failed to accord upon new COVID-19 rescue package that increased the value of the greenback as it has been oversold for quite a while. 

The last reason of decreasing gold value is that investors has started to sell gold and invest on some of the valuable potential pharma stocks which they have large market capacity and great opportunity to buy and hold. 

Due to the several facts, which were mentioned above, gold prices have collapsed fundamentally. However, from the technical analysis point of view a potential recovery of the safe haven asset broke the trend line structure and made a higher low. Through the fundamental and technical analysis, it seems that gold has been started to become more valuable and will reach the first high at $1978.020 and second phase high up to $2023.955. 

  • Ime: Hussain Shabbir
Kote
Simbol Bid Ask Vreme
AUDUSD
EURUSD
GBPUSD
NZDUSD
USDCAD
USDCHF
USDJPY
XAGEUR
XAGUSD
XAUUSD

© 2000-2024. Sva prava zaštićena.

Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.

The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.

Politika sprečavanja pranja novca

Upozorenje o rizicima

Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.

Politika poverenja

Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.

Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.

Банковни
транcфери
Feedback
Lajv čet E-mail
Povratak na vrh
Izaberi lokaciju / jezik