Gold – Correction or full steam ahead? (video)

Gold - Correction or full steam ahead? (video) - MarketPulseMarketPulse

image

Home/Central Bank Watch/Commodities/Currency/Market Pulse/Media/OANDA Video/Technical Analysis/Technical Analysis Commodities/USD/Videos

Share 0

Gold barely flinches at Trump tariff announcement

Gold seems to have barely flinched at Trump’s announcement despite it being positive for risk, the dollar and the economic outlook, highlighting just how bullish the market is right now. Sure, the yellow metal fell a few percent on the announcement but it’s already back above $1,500 and looks relatively undeterred. The central bank environment right now is clearly aiding this unwavering belief in the rally and perhaps this just isn’t viewed as the game changer for interest rates as it maybe is for the US holiday period.

OANDA Senior Market Analyst Craig Erlam discusses all of this and gives his analysis of the gold chart.

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

Craig Erlam

Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the Wall Street Journal and The Telegraph, and he also appears regularly as a guest commentator on networks including Sky News, Bloomberg, CNBC and BBC. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.

Craig Erlam

Latest posts by Craig Erlam (see all)

Original author: Craig Erlam
BOARD DECISIONS: CySEC Decision for reaching a set...
EUR/USD – Can it break higher? (video)
 

Comments

No comments made yet. Be the first to submit a comment
Already Registered? Login Here
Guest
Thursday, 22 August 2019
 
     
 

Latest Spot Rate

 
Wait a minute, while we are rendering the calendar
How It Works | About | Contact | Privacy Policy | Forex Marketing
© 2009 - 2019 Forex Forum. All Rights Reserved. Risk Disclaimer: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Past performance is not indicative of future results. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.