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Gold Technical Analysis - The bias turns bearish

Despite the surging real yields and US Dollar in the past few months, Gold continued to show remarkable resilience decoupling from the usual correlations. This week though, Gold capitulated, and has been falling everyday with stronger and stronger intensity. The last week’s FOMC meeting might have been a wakeup call for the market as the Fed made it clear that they won’t ease their monetary policy as fast as the market expects. The problem for Gold bulls now is that it’s been diverging with real... Read More

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Content Topics

Gold

Technical

Analysis

Bias

Turns

Bearish

Forex

Posted: Sep 28 2023, 06:09

Author Name: forexlive

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