Gold Technical Analysis – We finally got the breakout ...Middle East

forex live - News
Gold Technical Analysis – We finally got the breakout
Fundamental OverviewLast Thursday, we finally got the breakout in gold after a softer than expected US PPI report. That was kind of a strange move but eventually the momentum picked up and we got the rally into new all-time highs. Late Thursday we have also got WSJ’s Timiraos publishing an article suggesting that a 50 bps cut was still on the table and gold added to gains as real yields continued to fall. We are now heading into the FOMC decision with the 50 bps probabilities standing around 60%.Before the FOMC we have a couple of top-tier US data points like Retail Sales and Industrial Production. In case we get strong data we could see a pullback in gold, but overall we will likely head in

Read More Details
Finally We wish PressBee provided you with enough information of ( Gold Technical Analysis – We finally got the breakout )

Apple Storegoogle play

Also on site :