Strategy and signal analysis 
GOLD
GOLD fell to a five-month low on Thursday as US Treasury yields edged higher and a strong dollar delivered a one-of-a-kind punch to the non-ferrous metal bulls GOLD
Minutes of the Fed's July meeting showed on Wednesday that most members of the rate-setting committee were in favor of higher rates to curb inflation.
The prospect of higher US interest rates bodes ill for gold, as it increases the opportunity cost of investing in non-yielding assets. This notion has battered theGOLD metal through 2023 and is expected to continue to weigh on gold until the Fed decides to begin cutting rates.
GOLD GOLD fell to a five-month low on Thursday as US Treasury yields edged higher and a strong dollar delivered a one-of-a-kind punch to the non-ferrous metal bulls GOLD Minutes of the Fed's July meeting showed on Wednesday that most members of the rate-setting committee were in favor of higher rates to curb inflation.
The prospect of higher US interest rates bodes ill for gold, as it increases the opportunity cost of investing in non-yielding assets. This notion has battered the
GOLD metal through 2023 and is expected to continue to weigh on gold until the Fed decides to begin cutting rates.Note
Today's Main Strategy SELL GOLD 1902 - 1900Stoploss : 1910
Take Profit : 1897
Take Profit : 1893
Take Profit : 1888
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.