A 'crucible of confusion' with no historical precedent is weighing on the economy, BofA says
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Summary
A strong cocktail of bullish and bearish macro factors has dimmed the economic outlook, and BofA says there's no historical precedent for the situation.
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$XAUUSD Weekly Outlook
— K_B📈📉 (@Kb__Officiall) May 17, 2026
Still maintaining my bullish bias on $Gold. Last week we saw some bearish movement, but the 4500 level is yet to be broken.
As long as 4500 holds strong, I’m expecting continuation to the upside with 4970 remaining the major target.
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