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Gold Drops $40 to Break $2K!

Name: Gold Drops $40 to Break $2K!
Uploaded: 2024-02-14
Channel: David Kindley
Description: The yellow metal continues to lick its wounds as CPI data drove prices lower.As the dollar pushed higher, gold witnessed a $40 sell-off.With the $2,000 level broken for the first time in 2 months, will the bear trend continue?TimestampsXAUUSD 01:20DX

By David Kindley On Feb 14, 2024 58 0

The yellow metal continues to lick its wounds as CPI data drove prices lower.

As the dollar pushed higher, gold witnessed a $40 sell-off.

With the $2,000 level broken for the first time in 2 months, will the bear trend continue?

Timestamps

XAUUSD 01:20
DXY 03:00

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David Kindley

Market Strategist at Orbex David Kindley is a renowned fundamental analyst with over 10 years of trading experience in the financial markets. With a keen eye for macroeconomics and a special focus on trading psychology, David is passionate about helping everyday investors make informed trading decisions through his thorough research and analysis.

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