Dear Ztraders,
A decline in the price of gold due to hawkish Federal Reserve (Fed) commentary can be understood through the relationship between interest rates, inflation expectations, and the opportunity cost of holding gold.
Interest Rates and Opportunity Cost: Gold is a non-interest-bearing asset. When interest rates rise, the opportunity cost of holding...
Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Good morning traders in this analysis on gold we saw that yesterday we had a very strong level of resistance being respected at the 1735. Price then came down to retest the support structure of 1723 and then price managed to break through the support level with the New York volume and now we are on out way to take more shorts once the price can retest and break...
