Can #Gold Trade to New Lows?
Can #Gold Trade to New Lows?
Jim Welsh of Macro Tides talks with Blake Morrow to discuss the Non Farm Payroll release and give you his instant reaction of the moves.
He thinks the US Dollar and the stock market may be ready to give back some of their recent trends. His technical focus is on the #SPX and $DXY.
He also looks at gold and says there is a risk for fresh lows in #GOLD! Jim also discusses bond yields after this neck breaking move in the bond market this week.
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Eightcap was founded in Melbourne, Australia, in 2009 with a simple, clear mission: to provide exceptional financial services to their clients. The broker is committed to building a home for MT4 and MT5 traders. This fundamental principle remains at the core of everything they do at Eightcap, and they believe staying true to it is pivotal to their success. Now with five offices across the globe and regulation in multiple locations, they provide clients worldwide with the ability to trade on a broad range of markets across FX, Indices, Cryptos, Commodities and Shares.
They are an award-winning broker who is focused on traders security and peace of mind. They deliver a personalized trading experience and create an ultra-efficient technology infrastructure for traders to trade on. That’s why they have been awarded the Best Global Forex MT4 Broker 2020 at the Global Forex Awards and, more recently, been named the Best Crypto Broker at the AtoZ Market Awards, 2021.
JWelsh@SmartPortfolios.com
20221205
