What’s going on with gold? | Metals Mine

  • What’s going on with gold?

    From blog.hycmlab.com

    Why the sharp fall this week? Gold has been touted as an inflation hedge and as a stagflationary play which are two major influences in markets. So, if you just considered those two factors you may be asking yourself, why is gold not roaring higher? Earlier this week gold took out a key reversal area and invalidated a decent technical reversal signal. What’s pressuring gold lower? The reason for gold remaining pressured lower is due to the interplay between real yields and the USD. Now, many traders know that strength in the USD is a headwind for gold. This provides part of the reason for gold’s weakness. The USD ... (full story)

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Trader#1380
Jul 7, 2022 5:58am
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Sure but my concern here is that it is better to know when Gold is pressured down as opposed to why. My sense is that if you spend time figuring out why something is failing or rising every time you want to trade you are not helped to act on the more critical information about the when and where Gold is headed. Just a thought.

The Crow (-_-)
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