BofA Merrill Lynch notes in a report on Tuesday We have been and remain gold bulls While a rally may be less robust than previously thought (limited to 1307/1345); the evidence is once again turning bullish. Specifically…
We have been and remain gold bulls While a rally may be less robust than previously thought (limited to 1307/1345); the evidence is once again turning bullish.
Specifically, the stalling US $, the potentially completed "flat" correction from 1307 (Jan-22 high) and bullish momentum divergences all point to a base.
A break of 1175 would confirm a base, while an impulsive break of 1200/1213 (intra-day channels & trendlines) targets 1307 and potentially beyond.
Gold prices edged lower on Monday as stronger-than-expected U.S. nonfarm payrolls data dampened hopes for aggressive Federal Reserve rate cuts, bolstering the dollar. Spot gold slipped 0.1% to $2,686.32 an ounce, while F…
On-chain data shows BTC whales moved 10000 BTC from Crypto exchanges. This indicate accumulation of BTC by whales. Japanese public company Metaplanet buys another 1 billion yen worth of Bitcoin. According to Santiment, t…
Personal income increased by 0.2% month over month In August, which was less than the 0.4% market forecast and less than the 0.3% growth in July. For the third consecutive month, real personal disposable income increased…
