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Gold Finds Support Ahead of Inflation Data!

Name: Gold Finds Support Ahead of Inflation Data!
Uploaded: 2023-05-08
Channel: David Kindley
Description: The yellow metal remains on the front foot after holding about the $2K level.A strong NFP report saw gold slide on Friday, however, it maintains its bullish run.However, CPI data could put a halt to a progressive dollar if we see an upturn in inflati

VideoTechnical Analysis

By David Kindley Last updated May 8, 2023

The yellow metal remains on the front foot after holding about the $2K level.

A strong NFP report saw gold slide on Friday, however, it maintains its bullish run.

However, CPI data could put a halt to a progressive dollar if we see an upturn in inflation.

Timestamps
XAUUSD 02:00
DXY 03:25

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David Kindley

Market Strategist at Orbex David Kindley is a renowned fundamental analyst with over 10 years of trading experience in the financial markets. With a keen eye for macroeconomics and a special focus on trading psychology, David is passionate about helping everyday investors make informed trading decisions through his thorough research and analysis.

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