InvestMate

🧈 Gold what's next? 🧈

InvestMate Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
🧈 Gold what's next?

🧈 Gold in recent days has scored a very dynamic downward wave

🧈 All due to persistently high interest rates on the dollar, the lack of signs of recession and the lack of prospects for rising inflation.

🧈 All these factors caused a sharp wave of weakness on gold, piercing all the nearest support zones

🧈 The reasons for the lack of development of any formation for the start of the correction and the lack of fundamental basis, I believe that for the time being gold should not be touched until it completes the current downward wave.

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Comment:
Gold found strong support

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