Gold could drop to 1920 again
As everyone expected, FED raised rates yesterday and a possible slowdown in this aggressive tightening was perceived as positive news by the market and all the assets raised:).
In Gold's case, after a test of 1900 two days ago that left a pin bar on our chart, the price continued up and, at the time of writing is at 1953.
However, in the past 3 weeks, this rise is not convincing at all, with marginal new highs and looking more like a distribution on higher levels.
Although a new high is not out of the question, in my opinion, correction is looming and the price could drop again to 1920.
I'm looking to sell with a target of around 1920 in the next few days.
In Gold's case, after a test of 1900 two days ago that left a pin bar on our chart, the price continued up and, at the time of writing is at 1953.
However, in the past 3 weeks, this rise is not convincing at all, with marginal new highs and looking more like a distribution on higher levels.
Although a new high is not out of the question, in my opinion, correction is looming and the price could drop again to 1920.
I'm looking to sell with a target of around 1920 in the next few days.
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
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.