GOLD (XAUUSD) 4H FORECAST
Gold gained sharply after hitting an 8-month as Russia and Ukraine tension escalates. The exchange of fire between Kyiv's forces and pro-Russian separatists has affected market sentiment. The number of people who have filed for unemployment benefits rose to 248000 the previous week compared to a forecast of 217000. Philly fed manufacturing index dropped to 16.6 in Feb vs. an estimate of 19.90.
Factors to watch for gold price action-
Global stock market- Bearish (positive for gold)
US dollar index –Bearish (positive for gold)
US10-year bond yield- Bearish (positive for gold)
DISCLAIMER: ((trade based on your own decision ))
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Factors to watch for gold price action-
Global stock market- Bearish (positive for gold)
US dollar index –Bearish (positive for gold)
US10-year bond yield- Bearish (positive for gold)
DISCLAIMER: ((trade based on your own decision ))
<<press like👍 if you enjoy💚>>
Disclaimer
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