Gold continues within tight range but seems breaks triangle pattern.(bullish sign)
After powell insignificant talk of rate cuts(in a mid n yes/no talk) gold following same pattern n might wait for a breakthrough by any big shock.
Chart showing wait n watch conditions.
So let's see which side it go.
Overall if rate cut not possible in near term than that's a bearish for market but nowadays it's all about data. So not sure but I'm very bullish during rate cuts.
After powell insignificant talk of rate cuts(in a mid n yes/no talk) gold following same pattern n might wait for a breakthrough by any big shock.
Chart showing wait n watch conditions.
So let's see which side it go.
Overall if rate cut not possible in near term than that's a bearish for market but nowadays it's all about data. So not sure but I'm very bullish during rate cuts.
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Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.