Gold is a one trading instrument where fundamentals are outlawed while inflation is skyrocketing and globally Central banks are racing for the interest rate hike. Gold is traditionally considered an inflation hedge means when inflation is rising gold price will increase too.
As on 21st July 2022 Gold broke Aug 2021 low and formed a simple two-bar reversal pattern + weekly breakout failure. Which questions the possible bottoming out odds with a potential trend reversal.
Gold International Price
Gold – Extreme Indications
Extreme Indications on the daily timeframe bring a high possibility of short covering odds in Gold