CPI: Gold and stocks - time to fly? (or fail to launch)

  • 📰 KitcoNewsNOW
  • ⏱ Reading Time:
  • 39 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 78%

مصر أخبار أخبار

مصر أحدث الأخبار,مصر عناوين

CPI: Gold and stocks - time to fly? (or fail to launch)

It’s no surprise that gold was at a technical inflection point just ahead of the CPI data this morning. The below 4-hour chart shows the price hitting the top of the channel I have been showing for quite some time .

A breakout to the topside would reinforce the notion that gold is set to move higher in the medium term and maybe a signal to add to positions for those already long on this trade or perhaps to initiate a position if on the sidelines. I still think the test for bulls will be at the 50-day MA shown on the daily chart below.

Of course, I will be watching out for a dip that bulls step into buy on this morning’s inflation data. I am still not adding to positions in the stock market yet: That said, again, triangles like to break to the flat side, and one is forming with that flat side just about at the 4500 level I have been showing for quite a while on S&P futures.Thanks, and good luck,Follow J_GidaroDasilva jdasilva@kitco.com www.kitco.com

لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:

 /  🏆 13. in EG
 

شكرًا لك على تعليقك. سيتم نشر تعليقك بعد مراجعته.

مصر أحدث الأخبار, مصر عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

Kitco daily macro-economic/business digest - July 11
مصدر: KitcoNewsNOW - 🏆 13. / 78 اقرأ أكثر »

Kitco daily macro-economic/business digest - July 12
مصدر: KitcoNewsNOW - 🏆 13. / 78 اقرأ أكثر »