Technical Analysis: Gold Market Resilienc
Gold has surged to an astonishing level, nearing $2,350. Gold prices are struggling to attract any meaningful buyers amidst the emergence of new USD buying pressure. Betting on the Fed's likelihood to maintain higher interest rates for a longer period amid challenging inflationary conditions is expected to bolster USD demand.
From a technical standpoint, despite gold being overbought, signs of recovery are evident. It is anticipated that gold prices will test the 0.5-0.618 Fibonacci level before continuing their upward trajectory.
From a technical standpoint, despite gold being overbought, signs of recovery are evident. It is anticipated that gold prices will test the 0.5-0.618 Fibonacci level before continuing their upward trajectory.
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Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.