Our technical analysis and market indicators suggest that gold is likely to experience a sell-off tomorrow, reversing the gains made in recent trading sessions. the expected sell entry would be 67 and 63. This pessimistic forecast is supported by concerning fundamental factors, including:
- Weakening investor demand for safe-haven assets
- Central banks' potential reduction in gold reserves accumulation
- Unfavorable macroeconomic conditions, such as rising interest rates and a strengthening US dollar
- Weakening investor demand for safe-haven assets
- Central banks' potential reduction in gold reserves accumulation
- Unfavorable macroeconomic conditions, such as rising interest rates and a strengthening US dollar
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.