GOLD: HEDGE AGAINST INFLATIONARY PRESSURE, BULLISH BIAS AHEAD?
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Hello Fellow Gold Bugs!
Consumer Price Index Reached 7,9% a new 40-year high in February 2022. This Concerning Inflation rate data would concerned investors as their currency lost its value. Many Investors may turn some of their assets into Safe Heaven, especially Gold in the near future. Therefore, There is a probability a higher gold price ahead.
From technical perspective, Gold has broken out of the falling wedge pattern. The price action also indicated a potential bullish movement in Gold.
*DISCLAIMER:
This isn't a recommendation to buy or sell GOLD, only an Outlook from technical perspective.
*FOLLOW and LIKES FOR MORE CONTENTS AND UPDATES*
Consumer Price Index Reached 7,9% a new 40-year high in February 2022. This Concerning Inflation rate data would concerned investors as their currency lost its value. Many Investors may turn some of their assets into Safe Heaven, especially Gold in the near future. Therefore, There is a probability a higher gold price ahead.
From technical perspective, Gold has broken out of the falling wedge pattern. The price action also indicated a potential bullish movement in Gold.
*DISCLAIMER:
This isn't a recommendation to buy or sell GOLD, only an Outlook from technical perspective.
*FOLLOW and LIKES FOR MORE CONTENTS AND UPDATES*
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