Hello,Traders!
GOLD made a surprise breakout of
The key horizontal support level
Which is a major development for the Gold market.
This is a symptom of the global dollar shortage
As the Grim Reaper of the strong dollar
Finally came to collect, tearing balance sheets apart
Draining everyone's foreign reserves
Forcing institutions to liquidate position
Which at some point turns into a self sustaining cycle.
The strong dollar has already slain the Euro
And now seems to have defeated Gold as well.
So despite the fact that this is just the first sign
Of the fundamental Gold weakness, and the pice
Is likely to rebound back up for some time
The BIAS is now FIRMLY BEARISH!
Sell!
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✅Join My FREE Telegram Channel:
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t.me/top_tradingsignals
✅Contact Me for Signals:
t.me/toptradingsignalsfx
✅My Website: toptradingsignals.net/
✅My Broker: vtmarkets.com/?affid=22397630
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.