Home Forex Markets Gold prices resume their upward trend or are expected to rise sharply, and the Fed and US Treasuries have brought major positives to XAU/USD gold bulls

Gold prices resume their upward trend or are expected to rise sharply, and the Fed and US Treasuries have brought major positives to XAU/USD gold bulls

by WOOWinvest
0 comment
Gold prices resume their upward trend or are expected to rise sharply, and the Fed and US Treasuries have brought major positives to XAU/USD gold bulls


XAU/USD Gold Analysis and Forecast:

• Gold recovery faces first hurdle at 1750-60

• A shift in extreme hawks is bullish for gold

The first hurdle for gold’s recovery

Gold prices overnight lacked guidance from Federal Reserve Chairman Jerome Powell, which provided the metal to extend recent gains to hit a fresh two-week high. At the same time, while the Fed will continue to raise rates, there is a sense that we may be out of the hawkish peak. This, in turn, bodes well for gold, especially as recession risks increase. Gold has been an unpopular asset for most of this year, and for good reason, as real yields have risen significantly.However, given that the United States10The real yield of one-year government bonds is currently higher than6Monthly peak dropped501 basis points, funds are currently net short, and the outlook for the gold market is more encouraging for gold investors.

From a technical standpoint, the recent rally in gold prices is facing its first key test on the upside, with resistance at1750-60Dollar.While this may limit its approach, if gold breaks out and closes at1760Above the dollar, it would be very encouraging and this would open the way to1800Dollar gate.

🔔 Now you might as well follow the DailyFX global analyst team to learn the latest gold outlook for free, refer to how the big guys set gold targets and stop losses, and expand your gold trading profit probability! 👍

Gold Charts: Weekly Time Frame

source:IG

Also, gold traders will be watching the U.S. very closely10The one-year Treasury yield, which appears to be showing a head-and-shoulders pattern, could break below firmly2.7%is expected to fall further to1.9%.

👍👍Worry about economic recession, need opinion leaders? Then it’s better to know what the latest trading opportunities are optimistic about from 14 professional bigwigs around the world, including US stocks! You can also refer to the operations of these big guys, and it’s still too late to get on the bus! This is a learning opportunity you can’t miss!Immediately learn for free and grasp the password of wealth!

U.S.10Annual Yield Chart: Daily Time Frame

Gold prices resume their upward trend or are expected to rise sharply, and the Fed and US Treasuries have brought major positives to XAU/USD gold bulls

Gold prices resume their upward trend or are expected to rise sharply, and the Fed and US Treasuries have brought major positives to XAU/USD gold bulls

The content on this page is for general market commentary only and may not constitute investment advice of any kind (tax, legal, accounting). This article does not constitute an invitation or recommendation for direct investment in specific financial products. The content is for reference only. Readers should not rely on the information in this document, nor should its actions and omissions be relied upon. We are not responsible for the results of any person’s actions or omissions based on this article. We make no warranties as to the accuracy of the content provided or the adequacy of the information. This article is not intended for distribution within the territory of the People’s Republic of China (excluding Hong Kong, Macau and Taiwan for this purpose), except as permitted by the applicable laws of the People’s Republic of China.

Copyright Notice: Except for the purpose of viewing the information on this website, or as permitted by applicable law or these terms and conditions, no one may copy, use, upload, link, or publicly perform in any way to third parties without our specific written permission , publish or transmit any information or content on this website. We reserve the right to further investigate the legal responsibility of the relevant actors for the infringement of unauthorized reprinting. If you have business cooperation needs such as market promotion and resource exchange, please contact us.

element inside the element. This is probably not what you meant to do! Load your application’s JavaScript bundle inside the element instead.

You may also like

Leave a Comment

Our Mission is to help you make better trading decisions by providing actionable investing content, comprehensive tools, educational resources and assist you in making more money in the stock market.

Latest News

Newsletter

Subscribe my Newsletter for new blog posts, tips & new photos. Let's stay updated!

@2022 – All Right Reserved. Designed and Developed by WOOW Invest

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

Privacy & Cookies Policy