Gold – Eyeing another move above $2,000 as inflation outlook improves?
<p><a href="https://api.addthis.com/oexchange/0.8/forward/facebook/offer?url=https%3A%2F%2Fwww.marketpulse.com%2Fgold%2Fgold-eyeing-another-move-above-2000-as-inflation-outlook-improves%2Fcerlam&pubid=ra-525512e4690e068c&title=Marketpulse%20%7C%20Home&ct=1" target="_blank"><img src="https://cache.addthiscdn.com/icons/v3/thumbs/32×32/facebook.png" border="0" alt="Facebook" /></a><a href="https://api.addthis.com/oexchange/0.8/forward/twitter/offer?url=https%3A%2F%2Fwww.marketpulse.com%2Fgold%2Fgold-eyeing-another-move-above-2000-as-inflation-outlook-improves%2Fcerlam&pubid=ra-525512e4690e068c&title=Marketpulse%20%7C%20Home&ct=1" target="_blank"><img src="https://cache.addthiscdn.com/icons/v3/thumbs/32×32/twitter.png" border="0" alt="Twitter" /></a><a href="https://api.addthis.com/oexchange/0.8/forward/email/offer?url=https%3A%2F%2Fwww.marketpulse.com%2Fgold%2Fgold-eyeing-another-move-above-2000-as-inflation-outlook-improves%2Fcerlam&pubid=ra-525512e4690e068c&title=Marketpulse%20%7C%20Home&ct=1" target="_blank"><img src="https://cache.addthiscdn.com/icons/v3/thumbs/32×32/email.png" border="0" alt="Email" /></a></p><ul>
<li data-slate-block="regular" data-slate-type="paragraph" data-slate-value="{"type":"paragraph","children":[{"text":"Gold broke higher again on Tuesday after briefly paring gains late last week and early this. Lower yields and a weaker dollar are continuing to boost its appeal on the back of some more promising inflation data and lower interest rate expectations. "}]}" data-slate-node="element"><strong>Progress on inflation driving gold’s gains</strong></li>
<li data-slate-block="regular" data-slate-type="paragraph" data-slate-value="{"type":"paragraph","children":[{"text":"Gold broke higher again on Tuesday after briefly paring gains late last week and early this. Lower yields and a weaker dollar are continuing to boost its appeal on the back of some more promising inflation data and lower interest rate expectations. "}]}" data-slate-node="element"><strong>UK becomes the latest to make significant improvements</strong></li>
<li data-slate-block="regular" data-slate-type="paragraph" data-slate-value="{"type":"paragraph","children":[{"text":"Gold broke higher again on Tuesday after briefly paring gains late last week and early this. Lower yields and a weaker dollar are continuing to boost its appeal on the back of some more promising inflation data and lower interest rate expectations. "}]}" data-slate-node="element"><strong>$2,000 a major psychological level</strong></li>
</ul>
<p class="_ParagraphElement_yyl4z_19" data-slate-block="regular" data-slate-type="paragraph" data-slate-value="{"type":"paragraph","children":[{"text":"Gold broke higher again on Tuesday after briefly paring gains late last week and early this. Lower yields and a weaker dollar are continuing to boost its appeal on the back of some more promising inflation data and lower interest rate expectations. "}]}" data-slate-node="element"><span data-slate-node="text">Gold broke higher again on Tuesday after briefly paring gains late last week and early this. </span></p>
<p class="_ParagraphElement_yyl4z_19" data-slate-block="regular" data-slate-type="paragraph" data-slate-value="{"type":"paragraph","children":[{"text":"Gold broke higher again on Tuesday after briefly paring gains late last week and early this. Lower yields and a weaker dollar are continuing to boost its appeal on the back of some more promising inflation data and lower interest rate expectations. "}]}" data-slate-node="element"><span data-slate-node="text">Lower yields and a weaker dollar are continuing to boost its appeal on the back of some more promising inflation data and lower interest rate expectations.</span></p>
<p data-slate-block="regular" data-slate-type="paragraph" data-slate-value="{"type":"paragraph","children":[{"text":"Gold broke higher again on Tuesday after briefly paring gains late last week and early this. Lower yields and a weaker dollar are continuing to boost its appeal on the back of some more promising inflation data and lower interest rate expectations. "}]}" data-slate-node="element">That inflation data has been both widespread, from the US to the eurozone and now the UK, and at both the headline and core levels, which is what’s offering so much hope.</p>
<p style="text-align: center" data-slate-block="regular" data-slate-type="paragraph" data-slate-value="{"type":"paragraph","children":[{"text":"Gold broke higher again on Tuesday after briefly paring gains late last week and early this. Lower yields and a weaker dollar are continuing to boost its appeal on the back of some more promising inflation data and lower interest rate expectations. "}]}" data-slate-node="element"><iframe loading="lazy" width="560" height="315" src="https://www.youtube.com/embed/m1VksF3D-NU" title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe></p>
<p><script src="https://apis.google.com/js/platform.js"></script></p>
<div data-channel data-layout="default" data-count="default"></div>
<p><strong>Will lower inflation help gold to recapture $2,000?</strong></p>
<p class="_ParagraphElement_yyl4z_19" data-slate-block="regular" data-slate-type="paragraph" data-slate-value="{"type":"paragraph","children":[{"text":"The yellow metal broke above $1,960 yesterday before running into some resistance around $1,980. It's now closing in on $2,000 which is the next major barrier to the upside, a break of which may suggest traders have turned bullish on gold after two months of declines. "}]}" data-slate-node="element" data-slate-fragment="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"><span data-slate-node="text">The yellow metal broke above $1,960 yesterday before running into some resistance around $1,980.</span></p>
<p style="text-align: center" data-slate-block="regular" data-slate-type="paragraph" data-slate-value="{"type":"paragraph","children":[{"text":"The yellow metal broke above $1,960 yesterday before running into some resistance around $1,980. It's now closing in on $2,000 which is the next major barrier to the upside, a break of which may suggest traders have turned bullish on gold after two months of declines. "}]}" data-slate-node="element" data-slate-fragment="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"><strong>XAUUSD Daily</strong></p>
<p data-slate-block="regular" data-slate-type="paragraph" data-slate-value="{"type":"paragraph","children":[{"text":"The yellow metal broke above $1,960 yesterday before running into some resistance around $1,980. It's now closing in on $2,000 which is the next major barrier to the upside, a break of which may suggest traders have turned bullish on gold after two months of declines. "}]}" data-slate-node="element" data-slate-fragment="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"><a href="https://www.marketpulse.com/wp-content/uploads/2023/07/XAUUSD_2023-07-19_22-31-57.png" target="_blank" rel="noopener"><img loading="lazy" class="aligncenter wp-image-806490" src="https://www.marketpulse.com/wp-content/uploads/2023/07/XAUUSD_2023-07-19_22-31-57-1024×441.png" alt="" width="619" height="267" srcset="https://www.marketpulse.com/wp-content/uploads/2023/07/XAUUSD_2023-07-19_22-31-57-1024×441.png 1024w, https://www.marketpulse.com/wp-content/uploads/2023/07/XAUUSD_2023-07-19_22-31-57-300×129.png 300w, https://www.marketpulse.com/wp-content/uploads/2023/07/XAUUSD_2023-07-19_22-31-57-768×331.png 768w, https://www.marketpulse.com/wp-content/uploads/2023/07/XAUUSD_2023-07-19_22-31-57-1536×662.png 1536w, https://www.marketpulse.com/wp-content/uploads/2023/07/XAUUSD_2023-07-19_22-31-57.png 1793w" sizes="(max-width: 619px) 100vw, 619px" /></a></p>
<p style="text-align: right" data-slate-block="regular" data-slate-type="paragraph" data-slate-value="{"type":"paragraph","children":[{"text":"The yellow metal broke above $1,960 yesterday before running into some resistance around $1,980. It's now closing in on $2,000 which is the next major barrier to the upside, a break of which may suggest traders have turned bullish on gold after two months of declines. "}]}" data-slate-node="element" data-slate-fragment="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">Source – OANDA on Trading View</p>
<p class="_ParagraphElement_yyl4z_19" data-slate-block="regular" data-slate-type="paragraph" data-slate-value="{"type":"paragraph","children":[{"text":"The yellow metal broke above $1,960 yesterday before running into some resistance around $1,980. It's now closing in on $2,000 which is the next major barrier to the upside, a break of which may suggest traders have turned bullish on gold after two months of declines. "}]}" data-slate-node="element" data-slate-fragment="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"><span data-slate-node="text">A break above here could see it close in on $2,000 which is the next major barrier to the upside. A break of this may indicate traders have turned bullish on gold after two months of declines as up until now, it may have simply been experiencing a correction of recent declines.</span></p>
<p data-slate-block="regular" data-slate-type="paragraph" data-slate-value="{"type":"paragraph","children":[{"text":"The yellow metal broke above $1,960 yesterday before running into some resistance around $1,980. It's now closing in on $2,000 which is the next major barrier to the upside, a break of which may suggest traders have turned bullish on gold after two months of declines. "}]}" data-slate-node="element" data-slate-fragment="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">Below, $1,940 still looks key, being a level that’s triggered so much support and resistance over the last four months. A break below could be perceived to be bearish and a sign that the move in July was in fact a correction and nothing more.</p>
<p data-slate-block="regular" data-slate-type="paragraph" data-slate-value="{"type":"paragraph","children":[{"text":"The yellow metal broke above $1,960 yesterday before running into some resistance around $1,980. It's now closing in on $2,000 which is the next major barrier to the upside, a break of which may suggest traders have turned bullish on gold after two months of declines. "}]}" data-slate-node="element" data-slate-fragment="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">At this point, $1,900 could be key, with the 200/233-day simple moving average band below that a potential area of interest.</p>
Leave a Comment