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Gold Update - Read notes
Gold is expected to continue bullish trend on London session open due to bad PMI data.
Bad PMI data is indicating reduced demand and reduced manufacturing outcome.
Investors take it as an economical indicator leading to recessionary period.
I am expecting the trend to continue until Powell speaks on Wednesday and give us direction where the monetary policy will be leading to in 2023.
I am also expecting high inflation readings on Friday report after a spending spree during holiday season and it will be reflected in this month's inflation report.
High inflation will leave the Feds with no choice other than continue raising interest rates, and the decision will be enough catalyst to change the trend to Bearish.
Stay tuned for updates.
Bad PMI data is indicating reduced demand and reduced manufacturing outcome.
Investors take it as an economical indicator leading to recessionary period.
I am expecting the trend to continue until Powell speaks on Wednesday and give us direction where the monetary policy will be leading to in 2023.
I am also expecting high inflation readings on Friday report after a spending spree during holiday season and it will be reflected in this month's inflation report.
High inflation will leave the Feds with no choice other than continue raising interest rates, and the decision will be enough catalyst to change the trend to Bearish.
Stay tuned for updates.
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免責事項
これらの情報および投稿は、TradingViewが提供または承認する金融、投資、取引、またはその他の種類の助言もしくは推奨であることを意図したものではなく、またこれらに該当するものでもありません。詳細は利用規約をご覧ください。