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Gold has bottomed
CFD pada Emas ($AS/OZ)
Pembelian
Gold has bottomed
Oleh LucaysL
Ikuti
Ikuti
29 Apr 2022
5
29 Apr 2022
GPD report that came out yesterday was worse than expected -1.4% (historically GDP and GOLD are inversely correlated), hence bullish for Gold.
After Gold dropped nearly 7% within a week and DXY running against it, we do see some exhaustion at the current point.
With next week's hiking interest rate and FMOC meeting as catalysts, TA formed a Gartley Harmonic pattern.
My conclusion is to see a short-term bounce to 1920, 2000, and finally 2100.
Chart Patterns
DXY
GDP
Gold
Harmonic Patterns
Trend Analysis
LucaysL
Ikuti
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