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Gold Technical Analysis - Big selling opportunity at this resistance?
The war in Israel has given Gold a boost as the precious metal managed to sustain a rally after the upward gap following the outbreak of the war. The real yields and the US Dollar though continue to march higher and that might weigh on Gold especially at these key levels. The US data remains solid, but core inflation continues on the right path which might be another headwind for Gold as the Fed’s higher for longer stance coupled with normalising inflation raises real yields. Gold Technical Anal...
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Posted: Oct 13 2023, 07:16
Author Name: forexlive
Views: 112574