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Gold Monthly: May 2024

From dailyforex.com

Gold continues to be very noisy as the month of April was very choppy. This does make a certain amount of sense considering that gold shot straight up in the air over the course of the last couple of months, and therefore I think we needed to spend a little bit of time breathing and perhaps even soaking in some of the momentum.Because of this, I think the month of May will be very difficult. I don’t mean this in the sense that I think the month of May will be necessarily negative, just that the markets could see a little bit in the way of volatility that causes issues. Ultimately, in the short term I do think that ... (full story)

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  • Category: Technical Analysis