Weekly gold analysis
◽️ Technically, gold has formed its price floor and is supported on $1680-$1690 area ◽️ Most markets and stocks, as well as high-beta assets, were all bearish, it can be
◽️ Technically, gold has formed its price floor and is supported on $1680-$1690 area ◽️ Most markets and stocks, as well as high-beta assets, were all bearish, it can be
◽️ We are having the worst weeks for gold. The US dollar is at its turning point, the price of gold has dropped to its lowest level in the past
◽️ Gold disappointed traders last week and recorded 4% decrease, lowest price in the last two months ◽️ FED consensus for hike another 75bp interest rates to suppress inflation, so
◽️ Last week Gold closed with negative red prices and shows us that the short-term sentiment is still bearish. ◽️ Last downside movement despite the G7 news that four members
◽️ Gold continues to fluctuate below $1,830 on last week. becasue Riska and the 10-year US Treasury bond yield is up more than 1% on the day, gold limiting to
◽️ FED raised the interest rate 75bp on Wednesday, the highest level in 28 years, But the gold market has shown good resistance to this sharp hike in interest rates
◽️ Last week wee see an intense flight for gold, main reason was escape from the inflationary recession. ◽️ Despite the Federal Reserve’s hawkish policies, inflation remains high, and this
◽️ Gold try to recover it’s losses last week but seems to be having a tough gathering bullish momentum. ◽️ The US10Y grew around 1% last days of the week
◽️ As the old saying goes, markets can stay overbought and oversold longer than most of us can stay solvent,” said Darin Newsom, president of Darin Newsom analytics. ◽️ “Additionally,
◽️ Gold fell last week but experienced buying pressure after the Federal Reserve meeting, but ended $ 15 lower than the price at the beginning of the week. ◽️ Among