GOLD 26/06: How does gold price start the new week?
Atualizado
XAUUSD Gold's short-term pullback has ended and it is expected to fall back to the intraday low at $1910.00. The Gold sell-off was triggered by the upbeat US Dollar Index DXY.Gold prices started the week on a solid footing and extended the slide. Growing concerns about a global recession, combined with the hawkish outlook of major central banks, could make it difficult for Gold to generate a decisive recovery in the near term.
Gold price demonstrated a severe decline after breaking of the Descending Triangle, which is a volatile narrowing chart pattern, formed on the H4 time frame.
The precious metal is trading below the EMA at $1960.00, which suggests that the long-term bias is bearish.
The Relative Strength Index RSI is oscillating in a falling range of 20.00-40.00, which shows that bearish momentum has been triggered.
You might consider Buying gold around
XAUUSD 1910 – 1913 (scalp)And my goal will be 1918 – 1923
You might consider Selling gold around
XAUUSD 1933 - 1930And my goal will be 1923 – 1908
Note: Fully install TP, SL to prioritize safety in trading and conquering the market.
Nota
Bank of America: There are early signs of investors exiting the technology sector.Nota
Fed has said that it will continue to raise interest rates to control inflation and this may push many US businesses into default.Nota
everything is possibleNota
SELL RUNNING +40PIPS
Nota
We can start round 2Trade ativo
Plan sell +100pips. Entry at 1933 ❤️Nota
Hit entry 1923 💚Trade ativo
PLAN BUY COMPLETE! BIG WIN!PLAN SELL ACTIVITY GOING ON!
+100pips HIT TP1!!!
Nota
The US economy is now expected to narrowly dodge a recession this year, but underlying inflation will be faster than previously thought, according to a Bloomberg survey.Nota
PLAN SELL ROUND 2~~~ START!
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