Hello dear traders,
I think gold will continue forming lower lows on its way to the weekly demand zone of 1590-1570 area.
I have draw paths of possible impulse as break and retest areas.
For bullish reversal, I want to see a clear break of 1660 zone with price action retest.
Dollar is getting stronger and stronger with this solid and aggressive FED policy and the continuous rising yields.
However, the global economy is not at the normal levels, so this USD strength might get exhausted after December.
You can share your ideas on the comments!!!
Good luck!
I think gold will continue forming lower lows on its way to the weekly demand zone of 1590-1570 area.
I have draw paths of possible impulse as break and retest areas.
For bullish reversal, I want to see a clear break of 1660 zone with price action retest.
Dollar is getting stronger and stronger with this solid and aggressive FED policy and the continuous rising yields.
However, the global economy is not at the normal levels, so this USD strength might get exhausted after December.
You can share your ideas on the comments!!!
Good luck!
Operación activa
first enrty activated 1634Nota
high volatility today due to us news. sl was not hit and no it is about 40 pips in profit. lets see how will respond tomorrow
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Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.