Analyst: The consolidation and recent trades have provided little clue about the next move in gold prices.

Gold futures prices rose on June 10, but prices were still fluctuating in a narrow range due to the lack of catalysts. David Morrison, senior market analyst at Trade Nation, said in a note that gold prices continue to consolidate after a long bull run. Excluding the brief volatility in mid-April, the gold price has been roughly in the range of US$3,200-US$3,400 per ounce over the past two months. Gold prices retreated to neutral levels from the overbought levels in April. However, Morrison said the consolidation and recent trading have provided little clue as to where gold prices will move next.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)