**SUNDAY MARKET BREAKDOWN** Short-term GOLD technicals
Levels to look out for.
Bearish news for gold:
Meltdown, the formal end of fiscal stimulus talks was only the beginning of a down week for gold, which also struggled with the covid-related gloom. The fate of the precious metal hinges on the elections, yet surprise stimulus from central banks could also move XAU/USD.
Bullish news for gold:
- A higher gold price can bolster inflation expectations, and this is what central banks want
- IMF expects the Precious Metals Index to rise
- Stagflation is coming, gold to shine
- Pension funds are contemplating buying gold
- Democrat majority in Senate implies higher fiscal spending
- US fiscal stimulus package to be passed this year or even before the elections
Bearish news for gold:
Meltdown, the formal end of fiscal stimulus talks was only the beginning of a down week for gold, which also struggled with the covid-related gloom. The fate of the precious metal hinges on the elections, yet surprise stimulus from central banks could also move XAU/USD.
Bullish news for gold:
- A higher gold price can bolster inflation expectations, and this is what central banks want
- IMF expects the Precious Metals Index to rise
- Stagflation is coming, gold to shine
- Pension funds are contemplating buying gold
- Democrat majority in Senate implies higher fiscal spending
- US fiscal stimulus package to be passed this year or even before the elections
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.