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Abstract:Powered by WikiFX: (GOLD, EUR/USD and DOLLAR INDEX) Technical Analysis July 28 , 2023
Please note that due to market volatility, some of the key levels may have already been reached and scenarios played out.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
Gold prices have been fluctuating recently, influenced by multiple factors. Since the beginning of 2025, gold has risen by 11%, hitting new historic highs multiple times in the first quarter.
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Oil prices have come under pressure amid mounting concerns over U.S. import tariffs and rising output from OPEC+ producers. With tariffs on key trading partners and supply increases dampening fuel demand expectations, investor appetite for riskier assets has cooled. This shift in sentiment poses a range of implications for different segments of the investment landscape.