Gold 07.08 moved sideways in a narrow range.
업데이트됨
Inflation is expected to have picked up again after a sharp decline in June- a scenario that could push up expectations of more interest rate hikes from the Federal Reserve.
Gold is expected to retreat further on a strong inflation reading, while the dollar is set to appreciate.
The prospect of higher-for-longer U.S. interest rates has weighed heavily on the yellow metal in recent weeks, with traders preferring the dollar even as Fitch downgraded the U.S. sovereign rating.
The h1 chart I'm showing shows that gold has been flat in a narrow range since Aug. 2. volatility on Friday's non-farm news. I think it will continue like that until the end of the Australian session, the Asian session. before finding the resistance at 195x.
What is your idea? can let me know in the comments, thanks!
Gold is expected to retreat further on a strong inflation reading, while the dollar is set to appreciate.
The prospect of higher-for-longer U.S. interest rates has weighed heavily on the yellow metal in recent weeks, with traders preferring the dollar even as Fitch downgraded the U.S. sovereign rating.
The h1 chart I'm showing shows that gold has been flat in a narrow range since Aug. 2. volatility on Friday's non-farm news. I think it will continue like that until the end of the Australian session, the Asian session. before finding the resistance at 195x.
What is your idea? can let me know in the comments, thanks!
노트
Gold is expected to fall further due to strong inflation, while the dollar will appreciate.노트
관련 발행물
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.