Gold (XAUUSD) Weekly Outlook
Gold is holding above $1800 on the weak US dollar. The yearly inflation surged by 7%, the highest level since June 1982. The US dollar index hits multi-week lows at 94.62 despite the hawkish Fed. It regained above 95 level due to catch up in US treasury yields. Gold hits an intraday high of $1822.91 and is currently trading around $1822.
Global stock market- Bearish (Positive for gold)
US dollar index –Bearish (positive for gold)
US10-year bond yield- Bullish (Negative for gold)
DISCLAIMER: ((trade based on your own decision ))
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Global stock market- Bearish (Positive for gold)
US dollar index –Bearish (positive for gold)
US10-year bond yield- Bullish (Negative for gold)
DISCLAIMER: ((trade based on your own decision ))
<<press like👍 if you enjoy💚>>
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