ST/MT View
FA Analysis:
1- US and World economy are slowing down whereas Inflation is up.
- For ST, this is Gold negative as Investors need to exchange Gold to absorb equity losses and buy Bonds.
- For MT, this is positive for Gold.
2- End of war is Gold negative.
3- Tariffs is Gold positive. But I think Trumps will delay them and move towards Tax cuts and deregulation. The latter is Gold negative.
TA Analysis:
1- Gold outlook is Long. However, market moves in waves. The weekly close was bearish.
2- Price has made HH (a new ATH last week). I think, we should expect a HL for the next few days/weeks. 2685 is the Value Area to go long for a new ATH.
GL!
1- US and World economy are slowing down whereas Inflation is up.
- For ST, this is Gold negative as Investors need to exchange Gold to absorb equity losses and buy Bonds.
- For MT, this is positive for Gold.
2- End of war is Gold negative.
3- Tariffs is Gold positive. But I think Trumps will delay them and move towards Tax cuts and deregulation. The latter is Gold negative.
TA Analysis:
1- Gold outlook is Long. However, market moves in waves. The weekly close was bearish.
2- Price has made HH (a new ATH last week). I think, we should expect a HL for the next few days/weeks. 2685 is the Value Area to go long for a new ATH.
GL!
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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.
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.