Concerns about global inflation have made market players look for safe havens. Very optimistic monetary and fiscal policy from the USA, USD can be the main safe-haven choice besides gold. I see from the bigboys sentiment, they have started releasing gold contracts to switch to USD. This optimism will make gold tend to be bearish.
May 26th, 3:30 PM MT time coincides with the release of the US Preliminary GDP Growth data. If the GDP indicator is higher than expected, the USD will strengthen, gold will be bearish.
Prices may be higher in the event of heated political-military conflicts or natural disasters.
XAUUSD H4 - 19th MAY 2022
May 26th, 3:30 PM MT time coincides with the release of the US Preliminary GDP Growth data. If the GDP indicator is higher than expected, the USD will strengthen, gold will be bearish.
Prices may be higher in the event of heated political-military conflicts or natural disasters.
XAUUSD H4 - 19th MAY 2022
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