Why Gold Price was UP from start of the week 13/4/2020 ?

4/15/2020 10:39:00 AM
We analyze our thought at Gold, why from start of the week Gold was so crazy. From start of the week Gold Price was 1675 and now in our write it's gone top of 1747. So let's start some thinking about it.

Our automated high impact news bot when get strong news that called, "Federal Reserve takes additional actions to provide up to $2.3 trillion in loans to support the economy", Gold was spike 1655 to 1685 in just few hours because that's news very bad for USD and we also seen that USD became weak with all major pairs.


Then it's gone consolidate for Easter Holiday. But federal reserve news still not played fully.

Then Starting the week with a risk off view. Earnings are coming out this week and all professional investor, hedge fund thought that they should be ugly for Coronavirus Epidemic. So they are doing their thought before earning news coming out and it's gone 1747 high. For now we need to keep eye on not only for Covid-19 but also for how bad earning data will come.
Post Comments

FXVOLATILE ANALYSIS

© 2020 Trading Media. FX Volatile is a brand name of Trading Media Ltd.

This website or its third party tools use cookies, which are necessary to its functioning and required to achieve the purposes illustrated in the cookie policy. By tapping on "I accept" you agree to the use of cookies.