A huge upside potential spotted for the yellow metal.
Inflation fever & rates tantrum will set the risk tone for gold as safe haven and hedge instrument.
EOM flow for Jan 22 will set MN closing to rally towards Nov 21 highs and next towards 1900 mark. (MN - P)
Consolidation in W CMP is set for an upside push if price manage to break above 1868 W level (W - M)
Buyers to remain intact in D1 as long as price stays above 1800 mark while market starts to price in for Feds meeting on 26 Jan.
Long opportunity to be taken within 1825-1810 range with 1850 & 1900 as upside target.
Inflation fever & rates tantrum will set the risk tone for gold as safe haven and hedge instrument.
EOM flow for Jan 22 will set MN closing to rally towards Nov 21 highs and next towards 1900 mark. (MN - P)
Consolidation in W CMP is set for an upside push if price manage to break above 1868 W level (W - M)
Buyers to remain intact in D1 as long as price stays above 1800 mark while market starts to price in for Feds meeting on 26 Jan.
Long opportunity to be taken within 1825-1810 range with 1850 & 1900 as upside target.