Gold in recent days shows quite strong growth. On the one hand, support the precious metal gets on the background of
widespread weakening of the dollar caused by the reduction in expectations that the Fed will begin raising rates in June. Growing demand for safe assets is supported by increased tension in the Middle East.
Coalition with the participation of Saudi Arabia in Yemen launched a military operation. Today, late in the evening will be the speech of Fed Chairman Janet Yellen. Provided that it is not aggressive enough, and confirm that the US regulator is set to wait until the position with respect to the beginning of the monetary tightening, pressure on the dollar may strengthen to allow assets denominated in it, to show growth.
Support and resistance levels
Support 1 1200,06
Support 2 1190,02
Current price: 1201,22
Resistance 1 1206,04
Resistance 2 1213,97
Warning: Profitability in the past does not mean profitability in the future. Any projections are for informational purposes only and do not guarantee the results obtained.