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Gold Technical Analysis - Risk of a big unwind of the Friday's rally

Last Friday, Gold skyrocketed as we got some defensive positioning into the weekend due to some expectations that Israel could start a ground offensive in Gaza and that could have led Iran to join Hamas with uglier scenarios becoming likely from that point onwards. Moreover, the University of Michigan Consumer Sentiment report saw a big miss across the board with the inflation expectations figures spiking back up. The higher inflation expectations figures could keep the market on the more hawkis... Read More

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Content Topics

Gold

Technical

Analysis

Risk

Unwind

Friday

Rally

Friday s

Forex

Posted: Oct 16 2023, 07:12

Author Name: forexlive

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