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Gold Outlook: Capitalizes on heightened regional tensions
Gold’s price appears to have moved higher since our last report, following the developments in the Middle East. Today we are to discuss the fundamental challenges laid ahead for the precious metal as well as upcoming financial releases that may affect the direction of its price action. Finally, we will be concluding this report with a technical analysis of gold’s daily chart. The correlation between USD and gold The classic perception of the market for a negative correlation between the USD and gold’s price seems to have not been in place over the past week. In particular gold’s price gained significant ... (full story)
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- Posted: May 14, 2024 11:56pm
- Submitted by:Category: Technical AnalysisComments: 0 / Views: 442
