fbpx

Daily Market Analysis 24.10.2022: GOLD

Instrument: GOLD

Technical Analysis

Bullish Preference:  
Buy position is envisaged if price trades above 1650.84 with take profit at  1653.31
Bearish Preference: 
Sell position is envisaged if price trades below 1642.70 with take profit at 1639.81
Fundamentals:
None with high impact

Comment: 
Wall Street closed sharply higher and benchmark Treasury yields hit pause on Friday following signals that the Federal Reserve might consider less aggressive inflation-curbing tactics after November. The rally gained momentum after U.S. Treasury Secretary Janet Yellen said inflation is not becoming embedded in the economy, and San Francisco Federal Reserve President Mary Daly said it is time for the Fed to consider slowing the pace of its interest rate hikes.

Analysis: SCRUM Team

Leave a Comment

Your email address will not be published.

×
Free Online Class
Select the fields to be shown. Others will be hidden. Drag and drop to rearrange the order.
  • Image
  • SKU
  • Rating
  • Price
  • Stock
  • Availability
  • Add to cart
  • Description
  • Content
  • Weight
  • Dimensions
  • Color
  • Additional information
  • Attributes
  • Custom fields
Compare
Wishlist 0
Open wishlist page Continue shopping