Predict the short-term direction of GOLD
Next month, yields could rise again as jobs data and inflation growth continue to beat expectations, which could be a headwind for gold.
However, this also puts pressure on the stock market, which could once again lead to notable volatility in the stock market. Additionally, a steady stream of elections is coming thick and fast, bringing with it a lot of unknowns about the geopolitical situation. And there's more to come in March, with the US primaries. The general level of uncertainty may cause some investors to just hold on to their gold.
However, this also puts pressure on the stock market, which could once again lead to notable volatility in the stock market. Additionally, a steady stream of elections is coming thick and fast, bringing with it a lot of unknowns about the geopolitical situation. And there's more to come in March, with the US primaries. The general level of uncertainty may cause some investors to just hold on to their gold.
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running + 20 pips
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Running + 50 pips
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Hit TP1 + 70 pips
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TP1: 2017
TP2: 2010
SL: 2032