Gold have been changing directions recently due to political and economic data shifts.
While technical analysis have failed to prove potential in an era of geopolitical conflicts, gold will eventually visit the $1,970s yearly liquidity levels. But the real questions will be:
“Will J.P.’s speech next week change investors’ view of the economy and CPI progress to reach the 2% inflation rate?”
I honestly feel that it’s still early for any positive view on inflation.
Let’s wait and see…..
This is not a financial advice, but yet my own point of view.
While technical analysis have failed to prove potential in an era of geopolitical conflicts, gold will eventually visit the $1,970s yearly liquidity levels. But the real questions will be:
“Will J.P.’s speech next week change investors’ view of the economy and CPI progress to reach the 2% inflation rate?”
I honestly feel that it’s still early for any positive view on inflation.
Let’s wait and see…..
This is not a financial advice, but yet my own point of view.
Trade active