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CFDs and spread bets are complex instruments and come with a high risk of losing money rapidly due to leverage. 72% of retail investor accounts lose money when trading CFDs and spread bets with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Asset Watch
Thursday, September 15 2022, 11:50am GMT
Source: TradingView
Despite the decline on Sep. 13, gold did not fall below the intraday low of $1,701.70 set on Sep. 7,
recording higher highs and higher lows since the beginning of September. As a result, the relative strength is increasingly bullish.
Furthermore, gold often suffers the most from evaporating liquidity, as higher real interest rates and a stronger U.S. dollar are akin to fundamental kryptonite. Yet, with the U.S. dollar surging on Sep. 13 and the U.S. 10-year real yield hitting a new 2022 high, gold held up quite well.
Therefore, is $1,750 more likely than $1,650?
Sources:
30-day Fed funds futures quotes:
https://www.cmegroup.com/markets/interest-rates/stirs/30-day-federal-fund.quotes.html
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CFDs and Spreadbets are complex instruments and come with a high risk of losing money rapidly due to leverage. 72% of Retail investor accounts lose money when trading CFDs and Spread Bets with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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