Gold sideways
Gold's daily trend isn't looking bullish unless it goes above 2085. The ongoing war is keeping gold prices up, and if things escalate, gold could go above 2100 again. However, the recent rise in inflation, Could provoke the Federal Reserve (FED) could cut interest rates before the election and then raise them again afterward. Last week, gold stayed in a range between 2085 and 2030.
On lower time frames, gold is showing bullishness. Monday is a US holiday, we might some price action starting from Tuesday. Also, several members of the FOMC are giving speeches this week, which could affect the market.
On lower time frames, gold is showing bullishness. Monday is a US holiday, we might some price action starting from Tuesday. Also, several members of the FOMC are giving speeches this week, which could affect the market.
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.