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!
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first enrty activated 1634Заметка
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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Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.