Gold possibility
Gold has more potential to go down further more at 2306 level in next week .
Gold has been feeling the pressure from the rise in real yields lately as the opportunity cost of holding into gold at these levels remains high. Friday downside surprise in the US inflation data or weak economic reports to trigger another sustained rally and it recover on friday. At the moment, the picture is , but the bias is still a bit more bearish.
Gold has been feeling the pressure from the rise in real yields lately as the opportunity cost of holding into gold at these levels remains high. Friday downside surprise in the US inflation data or weak economic reports to trigger another sustained rally and it recover on friday. At the moment, the picture is , but the bias is still a bit more bearish.
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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.