gold future daily

16 ott 2021

Gold has rebounded well after the double bottom and continues its trend in this channel.
The fall in the 10-year bond yield, US10Y , and the dollar, DXY , are helping GOLD perform.

Now, September inflation has increased by 4% and 5.4% on the year.
The FED indicates a reduction in bond purchases for mid-November / mid-December .

The rising moving averages in H4 and weekly, neutral in daily.
it will take a few more weeks, but $ 1870 / $ 1880 is a nice entry area.

All it's indices are favorable for GOLD.
Resistance $ 1799 / $ 1804 / $ 1816 / $ 1830 ... ATH in the long term.