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Gold Technical Analysis
The miss in the US CPI report led to a big upside move in Gold as expectations of less hikes and earlier rate cuts supported the precious metal. Unfortunately, there are also headwinds for Gold coming from strong data like the US labour market and the consumer sentiment. In fact, the Fed is not yet confident in letting it go on the tightening side as we heard from Fed’s Waller that a hike in July is a done deal, and we may even get another one already in September. Gold Technical Analysis – Dail...
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Posted: Jul 17 2023, 09:32
Author Name: forexlive
Views: 080974