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Gold remains stuck in consolidation and has been trending sideways for the five days. Consolidation is occurring just below resistance represented by the purple 20-Day MA, currently at 2,330, and the 38.2% Fibonacci retracement at 2,322. The 38.2% price zone previously represented support and now resistance. Further, gold remains under a bear flag that ...
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Jerome Powell is struggling to shed his label as the lowest-rated US Federal Reserve chairman in nearly a quarter century, as inflation persists and high prices irritate US consumers, according to a new Gallup poll. The survey shows 39% of US adults say they have a “great deal” or a “fair amount” of confidence that the Fed chairman would do the right thing ...