gold has a weekly gap at 1870
and a strong support at 1815
also the macd shows a potential downside of 4-5% based on the above technicals
mentioned
inflation on may rose 0.1% which will strengthen the DXY index , and historically speaking they have an inverse relationship with the gold price.
dollar will be weak gradually and slowly when the inflation records 3% or less
and a strong support at 1815
also the macd shows a potential downside of 4-5% based on the above technicals
mentioned
inflation on may rose 0.1% which will strengthen the DXY index , and historically speaking they have an inverse relationship with the gold price.
dollar will be weak gradually and slowly when the inflation records 3% or less
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.