There is much upheaval about the world economy and uncertainty looms from banking sector to China reopening.
I think China is a big question in the markets now. Everyone expected China to boost world GDP, but it is failing in reopening its economy.
Since China problems are multi-faceted. Lowering interest rates will provide stimulus, but the banks are overleveraged and some find hard to even be liquid.. Catch 22 moment.
Gold still is in a techincal downtrend and any long setup should be cautioned. Lets see if gold bulls take control.
I think China is a big question in the markets now. Everyone expected China to boost world GDP, but it is failing in reopening its economy.
Since China problems are multi-faceted. Lowering interest rates will provide stimulus, but the banks are overleveraged and some find hard to even be liquid.. Catch 22 moment.
Gold still is in a techincal downtrend and any long setup should be cautioned. Lets see if gold bulls take control.