$XAUT 🔴 Gold and Silver hit by "cold water" technical signals, uptrend may pause for 6 months
A report from Heraeus shows that gold and silver have formed a "bearish engulfing" pattern on the monthly chart, signaling a temporary halt in the upward momentum. Although central banks continue net buying, pressure from high interest rates and inflation could lead the market into a consolidation, sideways movement, or correction phase in the coming months before establishing a new trend.
A report from Heraeus shows that gold and silver have formed a "bearish engulfing" pattern on the monthly chart, signaling a temporary halt in the upward momentum. Although central banks continue net buying, pressure from high interest rates and inflation could lead the market into a consolidation, sideways movement, or correction phase in the coming months before establishing a new trend.