XAU/USD Asian Session. Short. RR 3:1
Look to the chart; expecting a fib 0.618 retracement as gold turns bearish with some profit taking occurring and gold slowly sells off to a more desirable purchase area. Money outflows from gold into indices should also occur tonight / tomorrow since the indices fell but slightly recovered as investors took the opportunity to buy the dip. Gold is a risk off asset and since the FED haven't mentioned rate hikes, despite the high inflation, this was a liquidity grab above 1830/40 and now we have enough liquidity to head down to 1680.
GreyTrades
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