The current market sentiment perspective tends to be mixed, gold tends to be bearish because the fed's hawkish policy continues to be carried out, big players are starting to take profits for long contracts and add short contracts, with more short contracts in total.
But bullish sentiment also occurred when North Korea launched ballistic missiles in northeast Japan. if this military action continues, and the Russo-UKraine conflict continues. it is not impossible, gold will tend to remain bullish.
I hope the world will make peace soon. As a trader we do not guess where the market will move in the future, but we can reactively execute on what happens, by planning technical analysis as a hint of possible price limits.
Paying attention to what might move the price of a commodity is more important than observing only the price movement.
But bullish sentiment also occurred when North Korea launched ballistic missiles in northeast Japan. if this military action continues, and the Russo-UKraine conflict continues. it is not impossible, gold will tend to remain bullish.
I hope the world will make peace soon. As a trader we do not guess where the market will move in the future, but we can reactively execute on what happens, by planning technical analysis as a hint of possible price limits.
Paying attention to what might move the price of a commodity is more important than observing only the price movement.
www.koreatimes.co.kr/
www.cftc.gov/dea/futures/other_sf.htm