“Gold Price Rises to 2-Month Highs Amid Debt Limit Agreement Talks in USA”

Gold last week it fell to its lowest level in two months. Today this level was defeated in the early hours and the price is found at the price of 1,935 USD. On Monday bag the price of gold she showed signs of oiven. If an official announcement regarding the agreement on the public debt limit will be made soon USAme value of gold to rise rapidly due to a period of decline
USD. Despite the current thorny stress and risk aversion, gold it failed to function as a protective asset because attention was drawn to USAtheirs
sweat and mn.

Today the price broke through the lowest point in two months at the price of 1937
USD. Now the market finds itself there and tries to create a pin bar so that it can move and the price starts rst. The stochastic oscillator indicates this to us, but the price chart is more complex. Because of faith, the day was not forgotten and it was a holiday in all bank, so the price didn’t move much. The market is still holding on to a falling trend line, which also serves as resistance for the market. Will the price of 1,937 be beaten USDso the price could fall to values ​​of 1,900 USD.

My author: Tm Instaforex

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