Gold Bulls are Back
Fundamental Punchline - Recent weak US inflation data hurt chances of another US interest rate hike in December. In the US,
consumer prices rose 3.2% y/y in October, slowing down from 3.7% in the previous reading, and below estimates of 3.3%.
Technical Bias - After a healthy retracement from hitting 2000, the yellow metal now seems to have found support a ready to go
on another bullish run, giving us a decent potential trade for a 1-4 risk to reward swing trade from here.
consumer prices rose 3.2% y/y in October, slowing down from 3.7% in the previous reading, and below estimates of 3.3%.
Technical Bias - After a healthy retracement from hitting 2000, the yellow metal now seems to have found support a ready to go
on another bullish run, giving us a decent potential trade for a 1-4 risk to reward swing trade from here.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.