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Gold Technical Analysis - Key resistance in sight

The strong US data last week and the continued disinflation as seen in yesterday’s CPI report, keep on weighing on Gold as US real yields remain high and there’s also a risk that the Fed might even do more if the labour market doesn’t soften enough, and inflation gets stuck at high levels. As long as the current big picture remains the same, Gold is likely to continue to range with uptrends and downtrends on lower timeframes. Gold Technical Analysis – Daily TimeframeOn the daily chart, we can se... Read More

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Content Topics

Gold

Technical

Analysis

Resistance

Sight

Forex

Posted: Sep 14 2023, 09:25

Author Name: forexlive

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