Futures Oro
Short

Gold in Bear Play

76
As Recession fears increase, and inflation rises, more and more Central Banks are increasing their rates. As the US Fed boosts the dollar, this will put a downward pressure on gold.

The ban on Russian gold has given a temporary respite to the price of gold which will momentarily go towards 1850 before heading down towards 1800.

The movement is following a typical Wykoff price action play.

Choppy side price action indicates that bears are still at play.

My trade: Short Gold.

My TP1: 1810, with further TPs further below.

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