Spot gold has been resisted at its 200-day SMA recently, and has printed an "inside bar". The incoming US retail sales data could inject more immediate volatility, even as the Middle East conflict continues reverberating across markets.
If markets had learnt anything this week, it’s that the Fed has got more rate hikes in store as the US central bank battles against inflation that’s at a 40-year high.
At the start of this new trading week, spot gold has been dragged down to closer to the $1700 mark, although prices have trimmed losses at the time of writing.
Spot gold has been resisted at its 200-day SMA recently, and has printed an "inside bar". The incoming US retail sales data could inject more immediat...
XAUUSD
Gold
retail sales
Fed rate hikes
Middle East
At the start of this new trading week, spot gold has been dragged down to closer to the $1700 mark, although prices have trimmed losses at the time of...
Gold
XAUUSD
Bullion
Fed rate hikes
Fed Chair Jerome Powell
Jackson Hole
inflation
Recession
US jobs report
Nonfarm Payrolls