Gold Trader Waiting For Dollar

Gold Trader Waiting For Dollar

The price of Gold has been in a state of flux, without the bulls or bears able to gain the upper hand. The fact that the Dollar and broad commodity markets have moved in tandem for several weeks has resulted in Gold missing out on the commodity rally. If we see some divergence with commodities and the Dollar, Gold may begin to move out of this tight range.

The strength of the US Dollar has been a major reason Gold has not participated in the bull run in commodities. The rally, however, could be coming to a close, at least temporarily. Gold has the potential to have the stars line up for the bull camp if equities and commodities rally while the greenback corrects. This happening, however, is not a given. The negative impact of Europe’s toxic debt situation on the rest of the globe has brought the world’s economy to a grinding halt. Without brisk economic growth, inflation is expected to be tame. The market is expecting this and, as a result, a certain amount of quantitative easing has been priced into the market.
Disclaimer The analysis we provide is based on the average estimate of price movements in one day. Does not guarantee what we deliver is actually a proper and correct. Everything that happens in the decisions you make on your trading transaction is to be Your responsibilities. Visit Us www.deryworldscorp.web.id