Gold is receiving strong support again as the USD and Bond yields slide sharply again following the Unemployment Benefits data released last night, along with manufacturing and production also weakening. increasing predictions that the FED's interest rate hike cycle has ended.
Today the market is still more inclined to increase due to digesting the previous economic news. Tonight there will be housing data that may fluctuate slightly after the news.
If gold is still trading above the 1980-1982 price range, the possibility of buying TP is expected to be further from 1997 than 1997 and 2002.
However, if in the middle of the European session onwards gold is still trading below the 1995-1997 zone, consider exiting the buy and wait for confirmation of sell, TP expects 1983
Today the market is still more inclined to increase due to digesting the previous economic news. Tonight there will be housing data that may fluctuate slightly after the news.
If gold is still trading above the 1980-1982 price range, the possibility of buying TP is expected to be further from 1997 than 1997 and 2002.
However, if in the middle of the European session onwards gold is still trading below the 1995-1997 zone, consider exiting the buy and wait for confirmation of sell, TP expects 1983