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GOLD: price fixated below the 'Window'

GOLD: price fixated below the 'Window'

Information is not investment advice

The price has fixated below the 'Window' and the 89 Moving Average. At the same time, there's a bullish 'Hammer', which hasn't been confirmed yet. Thus, it's likely that the market is going to test the next support at 1258.77. The subsequent pullback from this level could lead to the beginning of an upward correction towards the previously broken 'Window' (1282.11).

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Gold isn't saving investors from inflation

Many investors treated gold as a protection against inflation. However, last week, gold lost its major support and dropped despite rising inflation. Why did it act like this?

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