novatrader1447

novatrader1447

The February non-farm payroll data in the United States remained robust, however, the unemployment rate and wage growth slowed, weakening market expectations of a Fed rate hike. The short-term direction of the gold price remains dependent on US economic data, with a focus on next week's CPI report. Technically, the gold price is expected to continue its rebound...

novatrader1447

The GOLD , increase its retracement yesterday with the resistance broken area with a big Bullish candle, and today the price approach another crucial area where the price will be inside the 50% and 61.8% Fibonacci levels. 1727.85 it's the major static resistance line for the price inside the Fibonacci range as for the 100 Moving average that will work like dynamic...

novatrader1447

GOLD continues to fall. And as a defensive asset against inflation , it is losing 21% of its price. On the chart we see that the price is trading in a global downward channel and repeats the pattern of July. On the chart the price forms a false break of the support of the price channel and after capturing the lixity relative to the 1634 level we see the formation...