Gold Price Forecast: Real Yields Up is Bad News - Levels for XAU/USD | Metals Mine

  • Gold Price Forecast: Real Yields Up is Bad News - Levels for XAU/USD

    From dailyfx.com

    Gold prices have been struggling in the wake of Fed Chair Jerome Powell’s speech on Friday. As observed in the weekly gold price forecast, “rising sovereign bond yields (not limited to US Treasury yields) and a decline in inflation expectations across developed economies, curating a push higher in real yields globally. If real yields continue to climb, then gold prices will face more difficult trading conditions in the immediate future.” This is exactly what’s transpired this week, with the US 10-year real yield at +54-bps, its highest level since late-July. In a sense, the interest rate albatross is back ... (full story)

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hiren.garaso
Sep 1, 2022 12:57am
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Intraday trading strategy for Gold

Again buy Gold $1708.00-$1713.00 range(December-Future)

SL $1699.00

Tgt1 $1730.00
Tgt2 $1740.00
Tgt3 $1750.00.

Intraday trading strategy for Silver

Again buy Silver $17.400-$17.500 range(December-Future)

SL $17.150

Tgt1 $17.900
Tgt2 $18.200
Tgt3 $18.500.
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Trader#C1B3
Sep 1, 2022 6:34am
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I worry every time about any analysis that does not begin by exhausting the question of the "trend". What is the "trend" in Gold? What has it been in the recent past? And what has the "trend" been since the highest (lowest) point in range? Which end of the historical range (e.g. 2074 - X) has had assumed stops displaced more? Of course what I was told as a newbie almost 20 years ago is that "the "trend" is your friend." Sure, in our tendency to want to beat the market we would most like to know the single thing that is the immediate driver of a given asset market at any point in time. But a tree does not a forest make especially in a scenario where we a have a forest of factors active at the same time and which individually wax and wane in influence in time. This lack of information (or agreement at least), on where the market is headed among the best analysts or "experts" in the world is confounding. Even economists usually agree in positive economics and mostly disagree when it is normative economics. But in trading, everything appears normative and normative to the point where no one knows the most basic of all things in trading, the "trend."

The Crow (-_-)
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