Gold Trading at Make or Break Level - Key levels to watch on the shinny metal
Join Nathan Bray, Senior Account Manager at ACY Securities, analyses the price of Gold and he highlights the occurrence of a triple top pattern and explores the potential arguments for where Gold may head next.
Bray discusses Gold's role as an inflation hedge, the current state of interest rates reaching the top of the tightening cycle, and the perception of Gold as a safe haven amid global recession fears.
He also emphasises the significance of a key technical level being reached in Gold's price action.
Additionally, Bray touches upon the USD Index, noting its trading pattern of moving sideways within a range.
Join him as he delves into the dynamics shaping the potential future direction of Gold and provides insights for traders and investors.
This content may have been written by a third party. ACY makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or other information supplied by any third-party. This content is information only, and does not constitute financial, investment or other advice on which you can rely.
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