XAU USD
XAUUSD
Bias: BULLISH
Fundamental:
Although the easing of Russian-Ukraine tensions is leading to bearishness on gold - losses are likely to be limited by the relative HIGH inflation in alignment with the upcoming inflation data in the US session.
+Still not tackling high inflation
+Ukraine & Russia tension seems like a war tactic
Technical:
+Pullback to 1845-48 for BUYS to 1860 & 1876 target
Bias: BULLISH
Fundamental:
Although the easing of Russian-Ukraine tensions is leading to bearishness on gold - losses are likely to be limited by the relative HIGH inflation in alignment with the upcoming inflation data in the US session.
+Still not tackling high inflation
+Ukraine & Russia tension seems like a war tactic
Technical:
+Pullback to 1845-48 for BUYS to 1860 & 1876 target
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.