Categories
- Blogs (126)
- Market News (40)
Right after opening today’s session, precious metal Gold had a GAP increase from 1869 to 1894 ($ 25) and is now correcting down again. The strong increase this morning is likely due to the negative news about the bankruptcy of SVB US bank. Bankruptcy and this negative information will continue to make investors more cautious so that the Gold price will benefit.
Closing last week Gold also had a “turn against the current” when it ended with a push candle around 1867, this will be even more positive for Gold price in the beginning of the week, so in my opinion My personal opinion when gold corrects to fill GAP this morning could be our buying opportunity, at least until tomorrow night when US CPI is released. If the US CPI is higher than expected, Gold is likely to rebound strongly this week.
Stay in the know on new free e-book
Sign up for our newsletter
Get Connect
Join us on Social Media
Get Connect
Join us on Social Media
No Investment Advice Provided
Any opinions, chats, messages, news, research, analyses, prices, or other information contained on this Website are provided as general market information for educational and entertainment purposes only and do not constitute investment advice. The Website should not be relied upon as a substitute for an extensive independent market research before making your actual trading decisions. Opinions, market data, recommendations, or any other content is subject to change at any time without notice. “The Learning Art”, will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information. We do not recommend the use of technical analysis as a sole means of trading decisions.
We do not recommend making hurried trading decisions. You should always understand that PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS.
© Copyright The Learning Art. All rights reserved.
