Gold is about to witness a new uptrend
Updated
Gold prices regained momentum after a day of stagnation, as the US Dollar Index (DXY) fell to a two-month low near 101.90 in a four-day losing streak.
That said, low US inflation expectations followed by disappointment from US jobs data should weigh on the US Dollar and boost XAU/USD Price.
The bearish inflation signals raise expectations to see the US Consumer Price Index (CPI) fall slightly more, expected on Wednesday, thus casting doubt on the Bureau's latest hawkish comments. Federal Reserve (Fed) and Drive Gold Price.
SELL XAUUSD zone 1932 - 1935 - Stoploss 1940 (scalp)
SELL XAUUSD zone 1948 - 1950 - Stoploss 1957
Conversely, if the Triple Top is formed first, Gold will return to $1907 - $1905, This will help us form a long-term Buy strategy.
Note: Installing TP SL fully wins the market and is safe in trading
That said, low US inflation expectations followed by disappointment from US jobs data should weigh on the US Dollar and boost XAU/USD Price.
The bearish inflation signals raise expectations to see the US Consumer Price Index (CPI) fall slightly more, expected on Wednesday, thus casting doubt on the Bureau's latest hawkish comments. Federal Reserve (Fed) and Drive Gold Price.
SELL XAUUSD zone 1932 - 1935 - Stoploss 1940 (scalp)
SELL XAUUSD zone 1948 - 1950 - Stoploss 1957
Conversely, if the Triple Top is formed first, Gold will return to $1907 - $1905, This will help us form a long-term Buy strategy.
Note: Installing TP SL fully wins the market and is safe in trading
Note
Breakout 1930$ and hit taget 1938$Note
SEL 1935$ -> 1930$ +50pips
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