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Gold Technical Analysis - Time for a correction?

Gold Technical Analysis - Time for a correction?
The more hawkish FOMC dot plot led to a huge selloff in Gold as the rise in real yields increases the opportunity cost of buying into Gold even more. As long as the economic data remains this resilient, we will likely see more downside for Gold as the Fed will keep its hawkish stance. For another major rally, Gold will need bad data as the Fed looks willing to cut rates if real yields rise too much as some FOMC members have indicated in their remarks. The data needs to point to a recession thoug... Read More
Posted: Oct 2 2023, 08:36
Author Name: forexlive
Views: 082999

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