Gold breaks $1,800!
Sudden spikes? Yes, please! Gold is above $1,800, finally!
GOLD: the era of $1 800
Finally, we have gold above $1 800, and it seems to feel itself quite confident over there. What is it up to now?
Strategically, the target is now $1 900.
Tactically, expect a downward retrace as the next step.
Fundamentally, it was the 8-year high that just got passed, so now it is the all-time high of 2011 to be challenged. Nothing extraordinary here - just pressure and time. Especially with these gloomy moods among investors and spikes of infection rates here and there.
Similar
OPEC+ confirms supply hikes, WTI rises
The oil cartel completed its teleconference on Tuesday. WTI spiked above $63.
How is the global oil demand doing?
OPEC-JMMC is holding a meeting on April 28 all day long.
Latest news
PMI reports on Wednesday will influence EUR, GBP, and USD
Wednesday will please traders as many economic indicators will be out! The USA, UK, and Euro Area will release PMI reports on June 23 from 10:15 to 16:45 MT.
BOE meeting will influence the GBP
The Bank of England will release its statement and announce its monetary policy decision at 14:00 MT.
Trade ideas for June 21-26
Last week the USD soared versus other major currencies, while gold headed for the biggest weekly loss in 15 months. Let’s see what new moves await us this week!
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