GC2204 (Gold - Apr 2022)
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2022-04-09

GOLD Resists...

$Gold - Apr 2022(GC2204)$ $ETFS Physical Gold(GOLD.AU)$ GOLD is trading in a narrow range, and has held up well given the rising dollar and US yields under hawkish rhetoric from several FED policymakers.Note that the dollar index is at a two-year high and the benchmark yield on 10-year US Treasury bonds has reached a three-year high.Gold, however buoyed by uncertainty in Ukraine, rapid inflation and the lingering COVID-19 pandemic, could see its gains dampened or even eroded by the Fed's aggressive inflation-fighting stance.Technically, the short term levels: $1,900 $1,960
GOLD Resists...
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2022-04-07

$GOLD KEY LEVELS

$Gold - Apr 2022(GC2204)$$10-YR T-NOTE - Jun 2022(ZN2206)$  Gold remaining in its current range awaiting new information.2 scenarios could thus emerge in the short-medium term:- Gold could dive back into territory below $1,900 if the Fed in the coming days offers more hawkish clues.- On the other hand, new sanctions imposed on Russia which heighten inflationary pressures and further cloud the global economic outlook should provide significant support for spot gold to rally towards $2,000.Rally panic beyond $2,000 could be triggered with the collapse of the Ukraine/Russia talks or a proven recession...however this last scenario remains in the background for
$GOLD KEY LEVELS
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2022-04-05

GOLD KEY ZONE

$Gold - Apr 2022(GC2204)$ The ever-increasing sanctions from the west support gold as a safe haven. On the other hand, the strength of the dollar and the rise in yields on treasury bonds would hamper its progress.
GOLD KEY ZONE