Gold regained sharply on the weak US dollar. The US dollar index lost more than 50 pips after US CPI data. The yearly inflation surged by 7%, the highest level since June 1982. Markets eye US PPI data today for further direction.
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- Bullish (Negative for gold)
It is good to buy on dips around $1810
DISCLAIMER: ((trade based on your own decision ))
<<💚💚💚💚💚press like👍 if you enjoy💚💚💚💚>>
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- Bullish (Negative for gold)
It is good to buy on dips around $1810
DISCLAIMER: ((trade based on your own decision ))
<<💚💚💚💚💚press like👍 if you enjoy💚💚💚💚>>