Gold 12/11

Started by OZER, Dec 13, 2021, 11:09 PM

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Dec 13, 2021, 11:09 PM Last Edit: Dec 14, 2021, 02:18 AM by OZER

I'm bullish on gold next week. There is a lot that is baked into the cake already. People know what the Fed is going to do. We've heat peak inflation . And those inflation expectations will start to come down, and Fed will be tightening into a slowing economy. You'll see bond yields dip lower, and the dollar index will soften. Gold is a better place to be at the moment.

If gold was going to drop below support it would have already happen. From these levels I expect an increase in price. It will not be huge jump is will follow in reverse order of the Dollar decline. You can not argue with the chart support that has held. So gold will move higher and use these levels as a base.

All content is for education purpose only, not financial advices.

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RAN on the ASX. 99% down. Bull run?

Excellent information.  Thank you so much!