Concerns about global inflation have made market players look for safe havens. Very optimistic USA monetary and fiscal policy, USD can be the main safe-haven choice besides gold . I see from the bigboys sentiment, they have started releasing gold contracts to switch to USD. This optimism will make gold tend to be bearish towards the support area.
JUNE 10th, coincides with the release of the US Inflation Rate. If the Inflation Rate indicator is lower than expected, gold will be bearish.
Prices may be higher in the event of heated political-military conflicts or natural disasters.
XAUUSD 10th MAY 2022
JUNE 10th, coincides with the release of the US Inflation Rate. If the Inflation Rate indicator is lower than expected, gold will be bearish.
Prices may be higher in the event of heated political-military conflicts or natural disasters.
XAUUSD 10th MAY 2022
