Re: MURREY MATH lines
Posted: Fri Mar 05, 2021 6:19 pm
XAUUSD M5
"The precious metal prolonged its recent bearish trajectory and witnessed some selling during the early part of the trading action on the last day of the week. Some follow-through uptick in the US Treasury bond yields turned out to be one of the key factors that exerted pressure on the non-yielding yellow metal, though oversold conditions helped limit any further losses." 8 MONTH lows
"The NFP report !! will be looked upon to reinforce the prospects for a relatively stronger US economic recovery. This, in turn, will play a key role in influencing the USD price dynamics and provide a fresh directional impetus to the XAU/USD."
"The precious metal prolonged its recent bearish trajectory and witnessed some selling during the early part of the trading action on the last day of the week. Some follow-through uptick in the US Treasury bond yields turned out to be one of the key factors that exerted pressure on the non-yielding yellow metal, though oversold conditions helped limit any further losses." 8 MONTH lows
"The NFP report !! will be looked upon to reinforce the prospects for a relatively stronger US economic recovery. This, in turn, will play a key role in influencing the USD price dynamics and provide a fresh directional impetus to the XAU/USD."
