Gold’s range trading is still tilting upwards, printing above our 1960 support level ahead of today’s highly awaited Powell speech as investors look towards further clarity on the new average inflation targeting framework and forwards guidance with technicals favoring another run towards 1970 and 1980 resistance targets.
Support: 1960 / 1945
Resistance: 1970-80/ 2000
Risk Warning: 56.82% of retail CFD accounts lose money
This analysis is just part of a greater daily market report on 8+ of the hottest instruments and assets provided to all SquaredFinancial clients.
Disclaimer: This information is only for educational purposes and is not an investment recommendation. The information here has been created by SquaredFinancial. All examples and analysis used herein are of the personal opinions of SquaredFinancial. All examples and analysis are intended for these purposes and should not be considered as specific investment advice. The risk of loss in trading securities, options, futures, and forex can be substantial. Customers must consider all relevant risk factors including their own personal financial situation before trading.