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Oro / Dollaro
Short

GOLD CONFIRM PREDICTION & ANALYSIS FOR TODAY

Di FxJack17
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Gold continues to move lower after hitting a $2,009/oz. peak in late October. The move lower, despite the ongoing military action in the Middle East, is being driven by a general risk-on sentiment that has pushed safe haven markets lower. As long as this remains the case, gold will struggle to push higher. The technical picture is mixed with a negative series of short-term lower highs and lower lows meeting a positive reaction from the 200-day sma that is currently supporting the precious metal. The CCI indicator shows gold as oversold, but not in extreme territory. Today’s inflation report will steer gold in the coming days.

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FxJack17

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