EmpowerTrader

GOLD Pullback Resume Off?

Long
TVC:GOLD   CFDs on Gold (US$ / OZ)
Gold saw a sharp sell-off last week due to comments made by Powell of interest hikes that may come sooner than expected. Since early June, gold is now down almost 8% in just this month. Nevertheless, price is holding some key technical levels. I still remain bullish on gold given the current environment of high inflation . The key levels to look out for are 1750 and 1675.