GOLD CONFIRM ANALYSIS OR PREDICTION FOR TODAY
Gold continues to trade near the $2,000 level, lacking solid conviction to break higher. The risk remains tilted to the upside as US yields pull back. However, as fundamental factors still favor the US economy over other economies, the Greenback could see its losses limited, which in turn, would keep XAU/USD at risk of sharp corrections.
A lot happened
Plenty of economic reports, central bank decisions, and the US official employment report were released. The Bank of Japan (BoJ), the Federal Reserve (Fed) and the Bank of England (BoE) decided in line with expectations, keeping the monetary policy stance unchanged at their respective meetings.
GOLD Buy 1986
TP 1993
TP 1999
TP 2005
SL 1978
A lot happened
Plenty of economic reports, central bank decisions, and the US official employment report were released. The Bank of Japan (BoJ), the Federal Reserve (Fed) and the Bank of England (BoE) decided in line with expectations, keeping the monetary policy stance unchanged at their respective meetings.
GOLD Buy 1986
TP 1993
TP 1999
TP 2005
SL 1978
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