Powell wants a soft landing for inflation, as Greenspan did in 1994. But it looks like he will get a hard landing.
Gold will continue to consolidate
2021-06-21 • Updated
On the daily chart, we expect the price of gold to fluctuate sideways within the Symmetrical Triangle with resistance and support marked by the blue line.
However, in the short term, the price is likely to rebound after technical signals. Therefore, we recommend accumulating Buy orders at the support.
Buy: 1192.00, 1186.00, 1178.00
TP1: 1207.00, TP2: 1212.00, TP3: 1218.00
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