GOLD SELL DAILY TIMEFRAME

20 feb

Looking at XAUUSD Short from area marked on charts. We would still need to wait for W1 to close to confirm our direction. Fundamental analysis is unclear as reports from Bank of America are mixed. Barclays also has mix views, nobody is sure when rate cuts are coming. Most of analysist presume it will be later in year around May or end of year even. CPI data from last week was showing signs of strength but that ship did not sail long. For now I will be waiting for W1 to close and possible entry on D1 if other confirmations align. Have a good trading week!
CVIT_FX