GOLD PRICES FORECASTS REMAIN BULLISH DESPITE RSI INDICATING OVERBOUGHT
Publish Date : 2019/08/28 - 05:00

GOLD PRICES FORECASTS REMAIN BULLISH DESPITE RSI INDICATING OVERBOUGHT


Due to the market current situation and the uncertainties,Gold prices can be aflot for a while.

And little signs of US-China agreement could push the market participants to hedge against fiat currencies,that is,they are more willing to buy commodities such as Gold,Crude Oil etc.

It seems that Fed will be under increased pressure to insulate US economy to some extent as Donald Trump tweeted “Fed has been calling it wrong for too long”.

Furthermore,the central bank may alter its monetary policy as market participants are more careful about trading tensions now.

Source:Dailyfx


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