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Gold Price Forecast: Gold Teases Breakout Post CPI - GLD Levels

From dailyfx.com

Gold prices have continued to coil into another week, but that hardly tells the story of what’s going on here. There’s rampant debate about when/if/how the Fed is going to begin tapering asset purchases and the backdrop hasn’t exactly been quiet with the delta variant and Afghanistan all producing some risk factors on the horizon. Gold prices have been seeing two-way-volatility on the back of this constant risk conundrum, and the entire outlay produces a number of questions around economic viability of the current recovery. Another risk factor popped up last week with what’s happening in China with Evergrande, ... (full story)

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  • Category: Technical Analysis