āļāļāļāļāļģ / āļāļāļĨāļĨāļēāļĢāđāļŠāļŦāļĢāļąāļāđāļāļīāđāļĄāļāļķāđāļ
ð Gold Market Analysis: Weighing Fundamentals with Technicals
ð Fundamental Outlook:
ðĶ Fedâs Hawkish Stance: The Federal Reserve's commitment to curb inflation through tighter monetary policy continues to shadow the gold market. Jerome Powell's firm stance suggests a challenging environment for gold as dovish hopes dimiâârce.
ð Global Economic Sentiment: Moody's negative outlook on U.S. debt has provided a temporary bullish sentiment for gold, indicating a flight to safety by investors amidst economic uncertaiââurce.
ð Inflation Data Anticipation: The market is on edge as it awaits the U.S. inflation report, which could offer significant cues on the interest rate landscape and consequently affect gold ââource.
ð Technical Analysis:
ð Resistance and Support: The price remains below the pivotal $1,950 level, indicating a need for a strong catalyst to push through this resistance. Support is being tested, with potential dips indicating selling âââââ source.
ð Historical Performance: October's record-high close at $1,997 an ounce demonstrates the potential for gold's upward movement, yet the need for a sustainable bid remainsââ1â source.
ð Bias Direction:
Considering the fundamentals with the technicals, we maintain a cautiously bullish bias on gold. We expect:
ðĶ Fedâs Hawkish Stance: The Federal Reserve's commitment to curb inflation through tighter monetary policy continues to shadow the gold market. Jerome Powell's firm stance suggests a challenging environment for gold as dovish hopes dimiâârce.
ð Global Economic Sentiment: Moody's negative outlook on U.S. debt has provided a temporary bullish sentiment for gold, indicating a flight to safety by investors amidst economic uncertaiââurce.
ð Inflation Data Anticipation: The market is on edge as it awaits the U.S. inflation report, which could offer significant cues on the interest rate landscape and consequently affect gold ââource.
ð Technical Analysis:
ð Resistance and Support: The price remains below the pivotal $1,950 level, indicating a need for a strong catalyst to push through this resistance. Support is being tested, with potential dips indicating selling âââââ source.
ð Historical Performance: October's record-high close at $1,997 an ounce demonstrates the potential for gold's upward movement, yet the need for a sustainable bid remainsââ1â source.
ð Bias Direction:
Considering the fundamentals with the technicals, we maintain a cautiously bullish bias on gold. We expect:
āļāļīāļāļāļēāļĢāđāļāļĢāļ: āļāļķāļāđāļāđāļēāļŦāļĄāļēāļĒāļāļēāļĢāļāļģāļāļģāđāļĢ
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āļāđāļāļĄāļđāļĨāđāļĨāļ°āļāļāļāļ§āļēāļĄāđāļĄāđāđāļāđāļĄāļĩāļ§āļąāļāļāļļāļāļĢāļ°āļŠāļāļāđāđāļāļ·āđāļāļāđāļāđāļŦāđāđāļāļīāļāļāļīāļāļāļĢāļĢāļĄāļāļēāļāļāļēāļĢāđāļāļīāļ, āļāļēāļĢāļĨāļāļāļļāļ, āļāļēāļĢāļāļ·āđāļāļāļēāļĒ, āļāđāļāđāļŠāļāļāđāļāļ° āļŦāļĢāļ·āļāļāļģāđāļāļ°āļāļģāļāļĢāļ°āđāļ āļāļāļ·āđāļ āđ āļāļĩāđāđāļŦāđāļŦāļĢāļ·āļāļĢāļąāļāļĢāļāļāđāļāļĒ TradingView āļāđāļēāļāđāļāļīāđāļĄāđāļāļīāļĄāļāļĩāđ āļāđāļāļāļģāļŦāļāļāļāļēāļĢāđāļāđāļāļēāļ