Gold touched $620 and rebound
Gold dropped below $620 to as low as $619 today during Asia market session, and afterall rebounded a few dollars immediately.
The rebound continues after a much weaker-than-expected payroll number, raising hopes that the Fed will stop its rate hikes in the June meeting.
Dollars fell further, GPB/USD raised to 1.293 and favoured Gold to jump a little higher to $636 during the US market session.
Short term trading range is still the same, $620-$635, and up one level $635-$670.
The rebound continues after a much weaker-than-expected payroll number, raising hopes that the Fed will stop its rate hikes in the June meeting.
Dollars fell further, GPB/USD raised to 1.293 and favoured Gold to jump a little higher to $636 during the US market session.
Short term trading range is still the same, $620-$635, and up one level $635-$670.
posted by SSY | 10:20 AM
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