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Gold Technical Analysis - Bullish signs keep emerging

The strong US data in the past months and the quick rise in Treasury yields and the US Dollar weighed a lot on Gold, which threatened at some point a complete breakdown. Recently, we started to see a turnaround in the data beginning with the miss in the US PMIs last week and the big misses in the labour market reports this first half of the week. The market priced out the expectations for further rate hikes from the Fed and brought forward expectations for rate cuts. This caused a selloff in the... Read More

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Content Topics

Gold

Technical

Analysis

Bullish

Signs

Keep

Emerging

Forex

Posted: Aug 31 2023, 09:29

Author Name: forexlive

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