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Mid-Week Technical Outlook: Gold heading back towards $2000?
After rebounding from the 200-day SMA earlier this week, bulls have been armed with the technical and fundamental ammunition to attack the psychological $2000 level once again.
Spot gold has been resisted at its 200-day SMA recently, and has printed an "inside bar". The incoming US retail sales data could inject more immediate volatility, even as the Middle East conflict continues reverberating across markets.
After rebounding from the 200-day SMA earlier this week, bulls have been armed with the technical and fundamental ammunition to attack the psychologic...
Spot gold has been resisted at its 200-day SMA recently, and has printed an "inside bar". The incoming US retail sales data could inject more immediat...
XAUUSD
Gold
retail sales
Fed rate hikes
Middle East
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