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Gold: Wild Wednesday
Gold markets were all over the place Wednesday, as we continue to see a lot of volatility in most major markets. Gold is being thrown around by the bond market, which is all over the place as well. Keep in mind that gold has a lot of crosscurrents to deal with right now, such as the previously mentioned bond market, the US dollar, the concerns about inflation, and the concerns of the global economy slowing down in general. Looking at the candlestick, this suggests that there is a lot of indecision, and it’s worth noting that the 200-day EMA above is sitting at the $1855 level and going sideways. Because of this, it ... (full story)
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- Posted: Jun 23, 2022 6:42am
- Submitted by:Category: Technical AnalysisComments: 1 / Views: 246
