$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.

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  • OldCat
    ·2022-04-09
    Please like this comment
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  • JosHi5
    ·2022-04-09
    if US dollars keep going up, Gold should go down.... right ? but, war send all assets class uncertainty... [Smug]
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  • lappiloco
    ·2022-04-09
    it will reach $2000 my aunty says
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  • Discoverable
    ·2022-04-09
    G'day m8
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  • GoESg
    ·2022-04-09
    Thanks for sharing
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  • Carolq
    ·2022-04-09
    Safe investment
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  • Matrix Rev
    ·2022-04-09
    sell the resistance and buy the support
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  • kaido
    ·2022-04-09
    nice like pls
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  • ElvisChongYM
    ·2022-04-09
    gold is old
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  • mrniceguy
    ·2022-04-09
    Trade commodity
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  • whitewolf69
    ·2022-04-09
    👌 thanks for the article
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  • matrix20xx
    ·2022-04-09
    Happy Saturday[Cool]
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  • gg123gg
    ·2022-04-09
    thank u for sharing
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  • PatekP
    ·2022-04-09
    Thanks for sharing.
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  • K734
    ·2022-04-09
    Thanks for sharing
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  • trader1216
    ·2022-04-09
    I will get more gold
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  • 红金鱼辣椒
    ·2022-04-09
    自古黄金就是保值的，实实在在的👍👍
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  • gongfucat
    ·2022-04-09
    waiting for the breakout.
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  • Yolofomo101
    ·2022-04-09
    To the Moooooon!
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  • KendrickTan
    ·2022-04-09
    [微笑]
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