The US Fed's emergency meeting and Russia Invasion news caused the crazy spiked on Gold, its news-driven price action.
Technically, I see an excellent risk-reward ratio to shorting Gold. If the price stays below the red resistance, I reckon Gold at least will fall to the target 1, 2, and 3 to retest the 38.20% Fibonacci retracement.
Be cautious of another breaking news on the weekend; we never know.
Invalidation:
- This analysis fails if the price breakout and close above the red resistance
Even though I know, DXY does not always have a perfect correlation with the Gold price. Currently, DXY is still above the Trendline and potentially will retest the 97.7 level.
Technically, I see an excellent risk-reward ratio to shorting Gold. If the price stays below the red resistance, I reckon Gold at least will fall to the target 1, 2, and 3 to retest the 38.20% Fibonacci retracement.
Be cautious of another breaking news on the weekend; we never know.
Invalidation:
- This analysis fails if the price breakout and close above the red resistance
Even though I know, DXY does not always have a perfect correlation with the Gold price. Currently, DXY is still above the Trendline and potentially will retest the 97.7 level.
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関連の投稿
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これらの情報および投稿は、TradingViewが提供または承認する金融、投資、取引、またはその他の種類の助言もしくは推奨であることを意図したものではなく、またこれらに該当するものでもありません。詳細は利用規約をご覧ください。