24/05 - The amplitude of the oscillation is narrowing
Gold prices remained stable on Wednesday as the market awaited progress in talks on raising the US debt ceiling.
Copper prices, on the other hand, hit a six-month low due to a slowdown in global manufacturing activity and demand.
Despite losing the key $2,000 level, gold was still able to attract safe-haven buy orders as traders predicted a slowdown in global economic activity this year.
Weaker-than-expected purchasing managers' index readings released on Tuesday reinforced this view, causing industrial metals to underperform in comparison to gold.
XAUUSD
SELL XAUUSD 1992-1995
Stop Loss 2002
My own expected return is 1988-1982-1970
How about you?
NOTE: Always put TP, SL to keep your account safe and win the market!
Copper prices, on the other hand, hit a six-month low due to a slowdown in global manufacturing activity and demand.
Despite losing the key $2,000 level, gold was still able to attract safe-haven buy orders as traders predicted a slowdown in global economic activity this year.
Weaker-than-expected purchasing managers' index readings released on Tuesday reinforced this view, causing industrial metals to underperform in comparison to gold.
XAUUSD
SELL XAUUSD 1992-1995
Stop Loss 2002
My own expected return is 1988-1982-1970
How about you?
NOTE: Always put TP, SL to keep your account safe and win the market!
