Gold - Could Jump Towards 1380 If Risk Enters Into Play

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=> Inflation recently slowing across US, EZ, UK et al other major economies we have only one side of gold in play here... risk. Volatility is set to increase in May as tensions in the Middle East, namely Iran continue to escalate. We are setting the stage for war and commodities (namely oil and gold) are the beneficiaries of risk flows.

=> FED hikes in May are now swimming in done deal territory after yesterday's FOMC with bonds expected to remain choppy for the next few months after confirming the widely anticipated 3%.

=> USDJPY has defended the 110 barrier after USD bulls looked for reassurance despite the momentum. Profit taking is partly to blame here.

=> If inflation enters back into the picture we can escape towards 1400 although we don't see inflation in play till Q318.

In any event, smelling more panic here in foreign policy over the coming weeks.
注释
...Still no trigger here yet, there is a slight chance of getting filled today
Beyond Technical AnalysisChart PatternsGC1! (Gold Futures)GoldhayeksystemsHYSriskTrend AnalysisXAUUSD

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