Weekly gold analysis
◽️Sentiment in the marketplace remains Bullish with Global risk
◽️Gold strongly supported with $1945 and technically gold in range between $1948 and $1960 and tend to move upward
◽️Gold prices withstand with rising bond yields and hawkish speaks of the Federal Reserve and its bullish sign for gold
◽️United states bond yield is in Higher Highs and any correction on US10Y push the gold to high
◽️Gold is a safe-haven asset and uncertainty between Ukraine-Russia peace talks, Testing large new missiles North Korea, New conflict between China and Taiwan
prepare an upward pressure on gold
đź”» Although the federal reserve is looking to raise the interest rates aggressively, inflation still remains in the market and it will be a positive for gold
đź”» Price fixed in the $1960 area will be a good idea to take long on gold
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