➡️ Markets continue to evaluate the impact of higher interest rates on global growth. Gold's upside appears to be limited at the moment as Treasury yields rise again. However, at the same time, most likely a lot has already been invested in the USD, that may contribute to the next growth of metals. For Gold, the medium-term long position will develop towards the 2050$ level. For longs, levels are considered: 1839$ in and 1820$.
Before that, respectively, the above levels act as a target for shorts. In case of a strong downtrend, the last level to consider buying is the level of 1790$. Everything below this level will already signal medium-term and long-term sell.
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Before that, respectively, the above levels act as a target for shorts. In case of a strong downtrend, the last level to consider buying is the level of 1790$. Everything below this level will already signal medium-term and long-term sell.
➖➖➖➖➖➖➖
👍Thanks for your comments and likes👍
👇🔥LINKS TO PREVIOUS IDEAS AND FORECASTS🔥👇
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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.