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Gold Traders Sidelined Awaiting Next Bullish Breakout

From dailyfx.com

Risk-on sentiment offset bids for Gold from Fed dovishness last week Lingering global risks could easily flare up at any moment and reignite financial market volatility sending investors flocking back to Gold Further gains in stocks or a rebound in the USD pose as threats to the downside Price action in Gold this week was relatively quiet as the precious metal finished a meagre 10bps lower. Appetite for risk caught bid as positive US-China trade war progress headlines coupled with a dovish Fed pushed the S&P500 and Dow Jones nearly 2.5 percent higher over the last 5 days of trading. Recent turmoil in the equity and ... (full story)

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  • Category: Technical Analysis