long the gold

11 thg 7, 2022

Gold will have a rectangular shock here in 1747-1737, the purpose is to wait for the Fed's interest rate hike to land. It is predicted that the Fed's interest rate hike this time should be exactly equal to or lower than the forecast, because the US economy cannot withstand continuous excess interest rate hikes, so after the interest rate hike is equal to or lower than expected, it will stimulate the rise of gold.
From a technical point of view, two large bottom divergences are enough to push gold prices towards a rebound