Gold against the Dollar have been sideways since September I st, 2022 , traded between 1700 to 1726 for almost a month for almost half of the month, Stronger CPI data on Tuesday affect the gold market by making the Dollar strong,
Bearish momentum has supported by Inverted Cup and handles pattern ,
Market sentiment on Gold also mostly bearish, it can be understood from the following statement
Société Générale sees gold prices falling to $1,550 in 2023 and recovering to $1,900 by 2024
Bearish momentum has supported by Inverted Cup and handles pattern ,
Market sentiment on Gold also mostly bearish, it can be understood from the following statement
Société Générale sees gold prices falling to $1,550 in 2023 and recovering to $1,900 by 2024
