⛔️ There are two special indicators that affect GOLD today. Among them are the ISM MANUFACTURING PMI, and the US LABOR DATA. These are the most important ECONOMIC INDICATORS and these are the HIGH VOLATILIE INDICATORS.
⛔️ US10Y currently stands at 2.34% LEVEL. CORE PCE DATA was released yesterday but I could not see much HIGH VOLATILITY. US10Y was a bit WEAK at the time. But now the US10Y is becoming UP again. But the data came in fairly good. But USD10Y LONG TERM is going to be UP if this MARKET CONDITION is SUPPORT to USD. Also DXY has been up to 98.48 LEVEL.
⛔️ GOLD PRICE is currently available on DYNAMIC S / R LEVELS. Most likely the GOLD PRICE will be UP in the future. SHORT TERM is for UP SIDE. But the war may escalate again. Because Ukraine is already launching attacks on Russia. So GOLD may be slightly UP, but LONG TERM may be GOLD DOWN in the future as well.
⛔️ Currently the OVERALL MARKET is RISK ON. Also the STOKES are turning a bit GREEN. VIX is getting a bit DOWN. Also COMMODITIES still shows a DOWN SIDE BIAS. Currently there is a NEUTRAL BIAS on the market side.
⛔️ GOLD PRICE can RETRACE from DYNAMIC LEVELS. It's very important to us. Maybe after reaching the dynamic level the price can be hugely VOLATILE with the economic data coming up today.
⛔️ The chance of creating a DOUBLE TOP opportunity again before the GOLD PRICE goes DOWN is very high. So GOLD can definitely go back to the 1966 LEVEL. Then you can definitely DOWN GOLD price up to 1895 LEVEL.
⛔️ However, the bigger picture will change if a new sentiment enters the market or the market takes a risk to strengthen the US dollar first. Today's NFP DATA may change the MARKET SENTIMENT in the future.
⛔️ US10Y currently stands at 2.34% LEVEL. CORE PCE DATA was released yesterday but I could not see much HIGH VOLATILITY. US10Y was a bit WEAK at the time. But now the US10Y is becoming UP again. But the data came in fairly good. But USD10Y LONG TERM is going to be UP if this MARKET CONDITION is SUPPORT to USD. Also DXY has been up to 98.48 LEVEL.
⛔️ GOLD PRICE is currently available on DYNAMIC S / R LEVELS. Most likely the GOLD PRICE will be UP in the future. SHORT TERM is for UP SIDE. But the war may escalate again. Because Ukraine is already launching attacks on Russia. So GOLD may be slightly UP, but LONG TERM may be GOLD DOWN in the future as well.
⛔️ Currently the OVERALL MARKET is RISK ON. Also the STOKES are turning a bit GREEN. VIX is getting a bit DOWN. Also COMMODITIES still shows a DOWN SIDE BIAS. Currently there is a NEUTRAL BIAS on the market side.
⛔️ GOLD PRICE can RETRACE from DYNAMIC LEVELS. It's very important to us. Maybe after reaching the dynamic level the price can be hugely VOLATILE with the economic data coming up today.
⛔️ The chance of creating a DOUBLE TOP opportunity again before the GOLD PRICE goes DOWN is very high. So GOLD can definitely go back to the 1966 LEVEL. Then you can definitely DOWN GOLD price up to 1895 LEVEL.
⛔️ However, the bigger picture will change if a new sentiment enters the market or the market takes a risk to strengthen the US dollar first. Today's NFP DATA may change the MARKET SENTIMENT in the future.
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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.