XAUUSD, USOIL: GOLD Sinks, WTI Mixed!
I have been bullish on Gold but the current structure is not yet clear. We could see a wave 2 completion and then go for wave 3, or that was it - the multiyear record high ended with a B correction neat $1560 and we now expect wave C to take place. I lean towards the formed scenario. What's your take?
Geo-Politics likely to positively affect gold:
- US-Sino trade talks
- Hong Kong unrest
- North Korea missile test
- US-Iran tensions
Geo-Politics and Economics likely to affect oil:
- OPEC-led cuts
- API and EIA
- John Bolton departure
- US-Iran tensions
Stavros Tousios
Head of Investment Research
Orbex
This analysis is provided as general market commentary and does not constitute investment advice.
Geo-Politics likely to positively affect gold:
- US-Sino trade talks
- Hong Kong unrest
- North Korea missile test
- US-Iran tensions
Geo-Politics and Economics likely to affect oil:
- OPEC-led cuts
- API and EIA
- John Bolton departure
- US-Iran tensions
Stavros Tousios
Head of Investment Research
Orbex
This analysis is provided as general market commentary and does not constitute investment advice.
Publikasi terkait
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.