Gold Spot / U.S. DollarUpdated XAUUSD DAILY BIAS : M.I.X.E.D 🤹♀️
🔱 GOLD TRADE IDEA 🔱
BIAS: Mixed
FUNDAMENTAL BIAS: Mixed
Golds status as and inflation hedge & safe haven is served as a double edged sword.
INTEREST RATES: Central banks worldwide are looking to increase rates faster- putting bearish pressure on non-interest bearing gold.
- (however not all central banks like Japan & Europe)
SAFE HAVEN: The ongoing war between Russia & Ukraine should keep losses in check.
Therefore I am more tilted towards bullishness of gold.
TECHNICAL BIAS: Mixed
Price is on a bearish momentum.
Price can potentially dip from its first resistance level at 1965 towards 1915 in line with horizontal swing support.
Areas of interest:
H4 timeframe, resistance at 1965
H4 timeframe, support at 1915
BIAS: Mixed
FUNDAMENTAL BIAS: Mixed
Golds status as and inflation hedge & safe haven is served as a double edged sword.
INTEREST RATES: Central banks worldwide are looking to increase rates faster- putting bearish pressure on non-interest bearing gold.
- (however not all central banks like Japan & Europe)
SAFE HAVEN: The ongoing war between Russia & Ukraine should keep losses in check.
Therefore I am more tilted towards bullishness of gold.
TECHNICAL BIAS: Mixed
Price is on a bearish momentum.
Price can potentially dip from its first resistance level at 1965 towards 1915 in line with horizontal swing support.
Areas of interest:
H4 timeframe, resistance at 1965
H4 timeframe, support at 1915
Note
+80 pips up baby
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.