Sun, May 22, 2022 @ 23:19 GMT
HomeContributorsTechnical AnalysisGold Continue To Shine On North Korean Tension

Gold Continue To Shine On North Korean Tension

Fundamental Analysis

  • The war of words between the two countries US and North Korea is helping the yellow metal to score more gains.
  • The momentum would remain strong as long as the rhetorical brinkmanship between President Trump and North Korea does not come to end

Technical Analysis

  • The Price above the 100 and 200-day moving average confirms that the uptrend is in intact
  • The Price has broken the Augst resistance and this explains that the bull trend is strong
  • Candle session (which marks the end/start of new trend at 8,10 & 13) is at 10 which means caution

Levels To Watch

  • Next Resistance is at 1295
  • Next support is at 1243

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