TAG: Stagflation
Gold Technical: Is the bull run over after its worst daily decline in 2 years?
This is a follow-up analysis of our prior report, “Gold Technical: At risk of mean reversion corrective decline after 19% gain” published on 15 April 2024. Click here for a recap. The price actions of Gold (XAU/USD) have shaped the mean reversion decline...
5 months ago
Gold Technical: A floor may have been formed for the bulls
Stagflation risk is still lingering as indicated by the latest April US ISM Manufacturing and Services PMI data. A not fully priced-in stagflation risk scenario may support another bullish impulsive upmove sequence for Gold (XAU/USD). Watch the key mediu...
5 months ago