$GOLD KEY LEVELS

DoTrading
2022-04-07

$Gold - Apr 2022(GC2204)$

$10-YR T-NOTE - Jun 2022(ZN2206)$ 

 

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 the moment and would be more of a long-term order.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

  • OldCat
    2022-04-09
    OldCat
    Please like this comment
  • JosHi5
    2022-04-09
    JosHi5
    if US dollars keep going up, Gold should go down.... right ? but, war send all assets class uncertainty... [Smug]
  • lappiloco
    2022-04-09
    lappiloco
    it will reach $2000 my aunty says
  • Discoverable
    2022-04-09
    Discoverable
    G'day m8
  • GoESg
    2022-04-09
    GoESg
    Thanks for sharing
  • Carolq
    2022-04-09
    Carolq
    Safe investment
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