In the following GLD chart we can see a symetrical triangle forming. Due to my thoughts that US:OIL will go down in the following period, energy costs will also dwell.
Lower energy costs + hawkish fed = inflation will be diminished -> gold pullback.
I might be /hella/ wrong.
Only time will decide.
Lower energy costs + hawkish fed = inflation will be diminished -> gold pullback.
I might be /hella/ wrong.
Only time will decide.
Trade fechado: stop atingido:
Trade invalidated.