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Follow up on #GOLD
you know I have been bearish gold recently and I cautioned you from buying gold and I was right to do so.
but, with the last week, NFP came slightly negative for the dollar as average hourly earning wage growth came at 0.3%, the bond yield keeps on falling, which certainly will help gold.
I know many traders probably do not care about the bond yield and many don't even know what that is, for me, it is the compass of money.
so looking at the chart, I am not interested in selling the market, I also explained this in my last analysis on gold.
currently, I am looking for the market to go break above 1800 ONLY then I will look for a buy entry targeting 1820 for tp1, 1845 tp2.
Check today analysis below⠀
>>“The hard work in trading comes in the preparation. The actual process of trading, however, should be effortless."
____________________________________________________________________________⠀
-Disclaimer: This information is not a recommendation to BUY or SELL. It is to be used for educational purposes only⠀
-Please note this is just a PREDICTION and I have no reason to act on it and neither should you
Follow up on #GOLD
you know I have been bearish gold recently and I cautioned you from buying gold and I was right to do so.
but, with the last week, NFP came slightly negative for the dollar as average hourly earning wage growth came at 0.3%, the bond yield keeps on falling, which certainly will help gold.
I know many traders probably do not care about the bond yield and many don't even know what that is, for me, it is the compass of money.
so looking at the chart, I am not interested in selling the market, I also explained this in my last analysis on gold.
currently, I am looking for the market to go break above 1800 ONLY then I will look for a buy entry targeting 1820 for tp1, 1845 tp2.
Check today analysis below⠀
>>“The hard work in trading comes in the preparation. The actual process of trading, however, should be effortless."
____________________________________________________________________________⠀
-Disclaimer: This information is not a recommendation to BUY or SELL. It is to be used for educational purposes only⠀
-Please note this is just a PREDICTION and I have no reason to act on it and neither should you
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