7.24 Gold Investor Morning Report: Bulls Are Completely Crushed! Gold Plunges in a Single Day, Back to Square One—$4,000 Level in Jeopardy
Previously, gold price traded sideways for a long time around the $4,166 high. The gains that bulls gradually accumulated proved utterly useless in the face of this large bearish candle; within a day, it slid back to the prior lows, with most of the rise directly swallowed.
$XAU Oil prices surged sharply, reigniting market concerns about inflation. Expectations for the Fed to cut rates cooled significantly, U.S. Treasury yields continued to climb, and risk