Dear trader,
Is gold moving upward or do we continue to see downward momentum?
Fundamentally gold is a hedge against inflation but higher interest rates makes the yellow bullion less attractive for investors. Double cut sword.
If we look at technical analysis we see a 4H supply level retest with a 4H order block/fvg kiss.
I expect the trend to continue upward.
No major economical event next week. treat this info with care and discrettion, this is not a fincial advise
Is gold moving upward or do we continue to see downward momentum?
Fundamentally gold is a hedge against inflation but higher interest rates makes the yellow bullion less attractive for investors. Double cut sword.
If we look at technical analysis we see a 4H supply level retest with a 4H order block/fvg kiss.
I expect the trend to continue upward.
No major economical event next week. treat this info with care and discrettion, this is not a fincial advise