As everyone expected, FED raised rates yesterday and a possible slowdown in this aggressive tightening was perceived as positive news by the market and all the assets raised:).
In Gold's case, after a test of 1900 two days ago that left a pin bar on our chart, the price continued up and, at the time of writing is at 1953.
However, in the past 3 weeks, this rise is not convincing at all, with marginal new highs and looking more like a distribution on higher levels.
Although a new high is not out of the question, in my opinion, correction is looming and the price could drop again to 1920.
I'm looking to sell with a target of around 1920 in the next few days.
In Gold's case, after a test of 1900 two days ago that left a pin bar on our chart, the price continued up and, at the time of writing is at 1953.
However, in the past 3 weeks, this rise is not convincing at all, with marginal new highs and looking more like a distribution on higher levels.
Although a new high is not out of the question, in my opinion, correction is looming and the price could drop again to 1920.
I'm looking to sell with a target of around 1920 in the next few days.
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
Pubblicazioni correlate
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Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.